Which of the Following Is True of the Fair Credit

question 36

Multiple Choice

Which of the following is true of the Fair Credit Reporting Act?

• A) Adverse information from the person's credit report must be removed after three years.
• B) A person is entitled to a free copy of his or her credit report from each of the three main credit bureaus every six months.
• C) An applicant denied credit has the right to be told the name and address of the credit bureau that prepared the report on which the denial was based.
• D) The agency must furnish the consumer the information free if requested within a year of the rejection.
• E) Any person who obtains information from a credit agency under false pretenses is subject only to civil penalties.

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Definitions:

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, disability, or other protected characteristics.

Negro League

A league of baseball teams that was active primarily in the United States among African American players when racial segregation prevented them from playing in the major leagues.

Entrepreneurship

The process of designing, launching, and running a new business, which typically starts as a small business, such as a startup company.

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business or enterprise, aiming for economic profits.