Henry applied for a loan from First Bank and was denied the loan two weeks later.He discovered that the reason behind the denial was that the bank considered him a poor credit risk because a credit report stated that he was an alcoholic.Henry claimed that this information was not true.Which of the following Acts will allow Henry to approach First Bank for reconsideration of his loan application?

Question

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The principal purpose of the Fair Credit Reporting Act (FCRA)is to ensure that information concerning a person's credit background supplied to her creditors is both up-to-date and accurate.It covers credit information supplied to potential creditors,insurers,or employers of that person.

Henry Applied for a Loan from First Bank and Was