Question

What outlines ways to protect credit card users’ rights and how their information is gathered and used?
Federal Trade Commission
Fair Credit Reporting Act
Credit Reporting Agencies
Bureau of Consumer Affairs.

Answer 1

Answer: B) Fair credit reporting act

Explanation: The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection of consumers' credit information and access to their credit reports. It was passed in 1970 to address the fairness, accuracy and privacy of the personal information contained in the files of the credit reporting agencies.

Answer 2

Answer: Fair Credit Reporting Act

Explanation:

The FCRA stand for the fair credit reporting act protect the rights of the users that hold the credit card. This act is the federal law which regulates various types of credit card reporting agencies. This act was passed by the United state federal trade commission in the year 1970.  

 It mainly insure the data or information which is gathered and make a proper summary of the users history that hold the credit card. The fair credit  reporting act is mainly used to protect from the misuse of the users information or data.