Fair Credit Reporting Act

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A consumer may choose to have his/her name excluded from a list, compiled by a consumer reporting agency, to be used for direct mail offers of credit?

True

A consumer reporting agency is required to adopt reasonable procedures that are fair, impartial and respect the consumer's right to privacy?

True

A consumer reporting agency may sell a consumer report for purposes of resale, under certain conditions?

True

An employee of a consumer reporting agency who KNOWINGLY provides someone with a consumer report when there is no permissible purpose is guilty of providing a report under false pretenses?

True

Every consumer has the right to full disclosure of the content of his/her file?

True

It is permissible, under certain conditions, for a consumer reporting agency to reinsert information that has been deleted from a consumer's file?

True

Most information which may cause a consumer to be denied credit may not remain in a file for more than seven years?

True

A "consumer report" only refers to written communications about a person's credit history by a consumer reporting agency?

False

A consumer reporting agency may never charge the consumer for a written copy of his/her file?

False

A consumer reporting agency sets the rules about when consumer reports may be released?

False

A furnisher of information to a consumer reporting agency is NOT regulated under the Fair Credit Reporting Act?

False

As a consumer reporting agency employee, it is permissible for me to review my neighbor's consumer report?

False

Consumer reporting agencies are not required to include in a consumer's file information on accounts closed by consumer, when the information is provided by a data furnisher?

False

Consumer reporting agencies make decisions to deny credit to consumers, often called taking "adverse action"?

False

Consumer reports may NOT be issued for employment purposes?

False

Failure to pay child support may not appear on consumer reports?

False

The Federal Trade Commission, the State Attorneys General and the CFPB are responsible for enforcement of the Fair Credit Reporting Act?

True


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