If a Consumer Claims That His or Her Credit File

question 48

True/False

If a consumer claims that his or her credit file contains inaccurate information,the concerned credit reporting agency (CRA) merely has to verify that it took the information accurately from the original source and has no duty to investigate further.

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Definitions:

Serial Autocorrelation

The relationship where a variable's current value is correlated with its past values over time.

Maurice Kendall

A British statistician known for his work in the field of statistics, notably the development of the Kendall rank correlation coefficient.

EMH

The Efficient Market Hypothesis, which states that share prices reflect all available information and are thus accurately priced.

Relevant Information

Data or facts that can influence decisions because they are pertinent and directly related to the issue at hand.