Asked by Cynthia Ocampo on May 10, 2024
Verified
Creditors that use information from credit-reporting agencies cannot be held liable for violations of the Fair Credit Reporting Act.
Creditors
Individuals or institutions to whom money is owed by debtors or borrowers.
Credit-Reporting Agencies
Entities that collect and disseminate information about the credit history of individuals and businesses.
Fair Credit Reporting Act
A federal law designed to ensure the accuracy, fairness, and privacy of consumer information contained in the files of credit reporting agencies.
- Acquire knowledge on the implementation of consumer protection legislations at both federal and state arenas.
Verified Answer
Learning Objectives
- Acquire knowledge on the implementation of consumer protection legislations at both federal and state arenas.
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