Fcra questions - Study guides, Class notes & Summaries

FCRA - Fair Credit Reporting Act. Questions and answers. VERIFIED/ What does FCRA stand for - -Fair Credit Reporting Act What regulation is used with FCRA - -Regulation V (V for Visa) What is FCRAs regulatory body - -FTC (Federal Trade Commission) Who enforces the FCRA - -CFPB and FTC What is FCRAs purpose - -To ensure accuracy, fairness and privacy of consumers information that is assembled by the consumer reporting agencies (CRAs) What are the 3 CRAs - -Transunion, Equifax, Experian

FCRA Exam Questions and answers, rated A+ 1. Which of the following communications is NOT a consumer report regulated by the Fair Credit Reporting Act? a. A report telephoned by a Bank A loan officer to a Bank B loan officer, describing Bank A's lending experience with a borrower b. A report from a credit bureau to a bank containing general credit information on a consumer c. A bank's written credit reference sent to a department store as requested by the individual with bank credi...

Fair Credit Reporting Act (FCRA) - CRCM Study Guide Questions With Correct Answers.

WGU C961 Ethics in Technology Comprehensive Exam || All Questions & 100% Correct Answers (Rated A+) WGU C961 Ethics in Technology Comprehensive Exam || All Questions & 100% Correct Answers (Rated A+) which systems gather data about individuals? - ANSWER - Tracking systems in videos, cookies, google location, facebook tags which action have the courts ruled in favor for (4th amendment) - ANSWER - without a reasonable expectation to privacy, there is no privacy right how does customer data...

It is important to make them feel __________ and __________ - Correct answercomfortable and welcomed __________ prompt someone to explore and analyze their emotions and feelings - Correct answer-Open-ended question __________ collect factual information - Correct answer-Closed-ended question Give __________ for responses time - Correct answer-time Questions should be asked in a ___________________________ way - Correct answer-non-judgmental It is important to ________________ your mentor...

NMLS 2024 Exam Questions with Correct A What law deals with credit, APR & advertising of consumer loans? - Answer- TILA/REGULATION Z Which regulation prohibits kickbacks? - Answer-RESPA Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - Answer-HPA - Homeowners Protection Act Which regulation prohibits fee splitting? - Answer-RESPA Regulation X is the letter used to describe which Law? - Answer-RESPA RESPA is the acronym used to describe which law...

The Fair Credit Reporting Act, Questions and answers, Graded A+ What first step must any information user take when requesting a consumer report from a consumer reporting agency? It must certify that the reason for wanting the report is a permissible reason If a person harmed files and wins a lawsuit, civil penalties may be the amount of the _______ damages, which cannot be less than $100 nor more than _________. Actual; $1,000 Brainpower Read More Previous Play Next Rewind 10 se...

Fincert Texan Smart Exam Questions With 100% Correct Answers. ________ is a contractual agreement whereby a borrower receives something of monetary value now and agrees to repay the lender at a later date. - answercredit Credit addresses what? - answerThe concepts of obtaining and utilizing credit wisely True or False: Good credit can take years to establish yet only months to destroy. - answertrue What is the FCRA? - answerThe Fair Credit Reporting Act why is the FCRA important? - answe...

CIPP/US STUDY GUIDE Exam QUESTIONS WITH CORRECT ANSWERS Vendor Contract Issues = - Answer-1. Confidentiality provision 2. No further use of shared info 3. If subcontractors, must follow same priv/sec terms. 4. Requirement to notify and disclose breach 5. Info Security Provisions: specific security controls; encryption & when; network security; access controls; segregation; E'ee bkgrnd checks; audit rights; etc. How to do Due Diligence on Vendors: - Answer-1. Reputation 2. Financial...

NMLS SAFE EXAM PREP QUESTIONS AND ANSWERSNMLS SAFE EXAM PREP QUESTIONS AND ANSWERS PMI - Answer-Private mortgage insurance TILA deals with - Answer-advertising of loans, cerdit, APR PMI protects who - Answer-The Lender SAFE - Answer-Secure And Fair Enforcement Act HERA - Answer-Housing and Economic Recovery Act HERA created what act - Answer-SAFE Act FCRA - Reg V - Answer-Fair Credit Reporting Act