Under the Fair Credit Reporting Act, a Consumer Who Has

question 47

Multiple Choice

Under the Fair Credit Reporting Act, a consumer who has been denied credit:

• A) cannot compel the credit reporting agency to delete any inaccurate or obsolete information from the file.
• B) is entitled to disclosure of the name and address of the credit reporting agency that made the report.
• C) can compel the credit reporting agency to delete disputed information without an investigation.
• D) is not entitled to a reinvestigation of the disputed information in the report made by the credit reporting agency.

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Definitions:

Government Intervention

involves actions taken by a government to influence or directly affect economic, social, or political outcomes in a country.

Price Discrimination

The strategy of selling the same product or service at different prices to different customer groups, often based on the willingness to pay, market segment, or purchase location.

Control Resale

Control resale refers to measures taken by manufacturers or governments to limit or regulate the resale of products to ensure fair pricing, quality control, or restrict the sale of hazardous goods.

Price Discrimination

A pricing strategy where the same product or service is sold at different prices to different customers, based on market segment, purchase volume, or other factors.