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ASIS

ASIS-CPP · Question #359

The Act passed to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit is commonly known as:

The correct answer is B. The Fair Credit Reporting Act. See the full explanation below for the reasoning.

Question

The Act passed to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit is commonly known as:

Options

  • AThe Uniform Credit Act
  • BThe Fair Credit Reporting Act
  • CThe Consumer Relief Act
  • DThe Consumer Reporting Act
  • EThe Commercial Credit Act

How the community answered

(33 responses)
  • A
    3% (1)
  • B
    73% (24)
  • C
    3% (1)
  • D
    12% (4)
  • E
    9% (3)

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