Which Is NOT True About the Fair Credit Reporting Act

question 141

Multiple Choice

Which is NOT true about the Fair Credit Reporting Act?

• A) It regulates the use of credit reports.
• B) It requires deletion of out-of-date information.
• C) It places limits on who can obtain your credit report.
• D) It places limits on who can obtain a report.
• E) It gives borrowers the right to know why they are denied credit.

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Definitions:

Generic Marketing Strategies

Broad approaches to marketing that can be applied across different industries and markets, often centered around the concepts of cost leadership, differentiation, or focus.

Competitive Scope

The breadth of the arena in which a company competes, including factors like geography, product range, and target market segments.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over another's due to their trust and faith in that brand.

Differentiation Strategy

A business approach where a company develops unique products or services to stand out from competitors.