Which Protects Information Collected by Consumer Reporting Agencies Such as Credit

question 52

Multiple Choice

Which protects information collected by consumer reporting agencies such as credit bureaus, medical information companies, and tenant screening services?

• A) Fair Credit and Charge Card Disclosure Act
• B) Fair Credit Billing Act
• C) Fair Credit Reporting Act
• D) Fair Debt Collection Practices Act

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Definitions:

Type I Error

A Type I error occurs when a true null hypothesis is incorrectly rejected, often denoted as a false positive in hypothesis testing.

Null Hypothesis

A statement used in statistics that proposes there is no significant difference or effect.

Level of Significance

The threshold at which the null hypothesis is rejected in favor of the alternative hypothesis in statistical testing, indicating the probability of making a Type I error.

Type II Error

A Type II Error occurs when a statistical test fails to reject a false null hypothesis, falsely indicating no effect or difference when one exists.