State RegulationsAZ specificDifficulty 1/5
The federal Fair Credit Reporting Act primarily governs:
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The Fair Credit Reporting Act, 15 USC 1681-1681d, regulates consumer reporting agencies and the users of consumer reports, including insurers that order reports for underwriting. It creates accuracy rights for consumers, duties for the agencies, and adverse-action notice obligations for users of the reports. Underwriters use it constantly, since life and health applications routinely trigger a consumer report.
Why the other options are wrong
- B) telemarketing calls are governed by the federal Telemarketing Sales Rule.
- C) mental health parity is the subject of the Mental Health Parity and Addiction Equity Act.
- D) financial-information safeguarding is a Gramm-Leach-Bliley Act obligation.
Memory hook
FCRA is all about credit reports.