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

Question

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The Fair Credit Reporting Act will allow Isaac to approach Livingstone Bank for reconsideration of his loan application." 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.

Isaac Applied for a Loan from Livingstone Bank and Was