Question

What does the fair and accurate credit transactions act provide for consumers? a. it entitles consumers to get one free credit report per year from the big three reporting agencies. b. it entitles consumers to notify credit reporting agencies if their identity is stolen. c. it entitles consumers to file a complaint with the federal trade commission if their identity is stolen. d. it entitles consumers to find out about who has access to personal information and if it is being handled securely.

Answer 1

Fair and accurate credit transactions act entitles consumers to find out about who has access to personal information and if it is being handled securely.

What is fair and accurate credit transactions act?

Fair and accurate credit transactions act passed in 2003 which is made to improve the protection of customer.

The objective of fair and accurate credit transactions act-

• To improve the protection of customer.
• Ensure provisions in case of identity theft.
• Provide access to consumers to find out about who has access to personal information.

Thus, fair and accurate credit transactions act entitles consumers to find out about who has access to personal information and if it is being handled securely.

Option d is the correct option.

Learn more about the fair and accurate credit transactions act here

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