Which Federal Law Regulates the Use of Credit Reports, Requires

question 111

Multiple Choice

Which federal law regulates the use of credit reports, requires the deletion of obsolete information, and gives you access to your file?

• A) Truth in Lending Act of 1969
• B) Fair Credit Billing Act of 1975
• C) Equal Credit Opportunity Act of 1975
• D) Fair Credit Reporting Act of 1971
• E) Fair Debit Collection Practices Act of 1978

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Definitions:

Trait Approach

An approach in psychology and leadership studies that suggests certain individual characteristics and qualities can make effective leaders.

Trait

A characteristic or quality that defines an individual and influences their behavior or attitudes.

Extraversion

A personality trait characterized by a tendency to be outgoing, sociable, and energetic, typically enjoying engagement in social settings and interactions.

Dominance

The exercise of power or influence over others to command, control, or prevail in a social or competitive setting.