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CIPP-US · Question #178
Who is responsible for notifying consumers when adverse action is taken based on information in a consumer credit report?
The correct answer is B. The User. Under the FCRA users must notify consumers when third-party (CRA) data is used to make adverse decisions about them.
Health, Financial & Marketing Privacy
Question
Who is responsible for notifying consumers when adverse action is taken based on information in a consumer credit report?
Options
- AThe Credit Bureau
- BThe User
- CThe Credit Reporting Agency
- DThe Consumer Financial Protection Bureau
How the community answered
(33 responses)- A12% (4)
- B76% (25)
- C9% (3)
- D3% (1)
Explanation
Under the FCRA users must notify consumers when third-party (CRA) data is used to make adverse decisions about them.
Topics
#FCRA#adverse action#credit report#consumer notification
Community Discussion
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