Regulations Under the Fair and Accurate Credit Transactions Act (FACT

question 234

True/False

Regulations under the Fair and Accurate Credit Transactions Act (FACT Act) prohibits businesses from keeping consumer information on file more than 90 days in an effort to protect privacy.

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Definitions:

Characteristics

The distinguishing traits, qualities, or properties that define an individual, group, or thing.

Self-Fulfilling Prophecies

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Improve

To make something better or more effective through adjustments or modifications.

Employees

Individuals who are hired by an organization to perform specific duties and tasks in exchange for compensation.