Fair Credit Reporting Act
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
