Fcra consumer reports - Study guides, Class notes & Summaries

FCRA Exam Review Questions and answers, rated A+ FCRA Purpose, - -Fair Credit Reporting Agency // Regulation V *applies to any transaction using a credit report, consumer investigatory reports and employment backgrounds. Enacted in 1970 to ensure accuracy, fairness, and privacy of consumer's personal information used by CRA. CFPB (main) and FTC shares rule making and enforcement authority. Consumer Report - -Credit Report Consumer Reporting Agency - -CRA Primarily Equifax, Experi...

Fair Credit Reporting Act: Exam Review Questions and answers, verified/ Reg V - -What regulation is associated with FCRA? the ensure the accuracy, fairness, and privacy of consumer's personal information listed on credit reports - -What is the purpose of FCRA? CFPB - -What agency oversees FCRA? Any transaction that involves 1. use of credit reports 2. consumer investigatory reports 3. employment background checks - -What are the three types of transactions covered by FCRA? Any tran...

The Cerulean Corporation purchased a controlling interest in the Teal Corporation, resulting in a linkage between these two formerly independent corporations. After the transaction, both corporations survive as separate legal entities. The situation is correctly described as the type of organizational structure change known as - Answer-an acquisition One group involved in managing a corporation is the board of directors. The following statements are about corporate directors. Select the answe...

HRCI aPHR CertificationProfessional Certification - correct answer based on work experience, education, and require re-certification Certificate Program - correct answer Does not require work experience, education, or re-certification The Clayton Act (1914) - correct answer prohibits mergers and acquisitions that would less competition, a single person cannot be a director of two or more competing corporations, and restricts use of injunctions against labor, and legalized peaceful strikes,...

HRCI aPHR Certification Exam Questions with correct Answers Professional Certification - Answer ️️ -based on work experience, education, and require re- certification Certificate Program - Answer ️️ -Does not require work experience, education, or re- certification The Clayton Act (1914) - Answer ️️ -prohibits mergers and acquisitions that would less competition, a single person cannot be a director of two or more competing corporations, and restricts use of injunctions again...

HRCI aPHR Certification Exam Questions with correct Answers Professional Certification - Answer ️️ -based on work experience, education, and require re- certification Certificate Program - Answer ️️ -Does not require work experience, education, or re- certification The Clayton Act (1914) - Answer ️️ -prohibits mergers and acquisitions that would less competition, a single person cannot be a director of two or more competing corporations, and restricts use of injunctions again...

Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - Answer-FCRA Which agency manages the National Do Not Call Registry? - Answer-Federal Trade Commission Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - Answer-The SAFE Act Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? - Answ...

FCRA Certification Exam Questions and answers, VERIFIED/ When was the FCRA originally enacted - -1970 What does the FCRA cover? - -Credit reporting and all consumer reports What is a "consumer report"? - -Any written, oral or other communication of information by a CRA bearing on a consumer's credit worthiness and standing, character, general reputation, personal characteristics or mode of living which will be used for credit purposes, employment purposes, tenant screening. 3 Eleme...

% Impact of Account Payment History on Credit Score - ANSWER 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - ANSWER 15% portion of score based don the overall length of credit history in the repor...

Fair Credit Reporting Act (FCRA) Exam Review Questions and answers/ rated A+ What does the Fair Credit Reporting Act (FCRA) cover? - -What does the Fair Credit Reporting Act (FCRA) cover? - 15 U.S.C. § 1681 - FCRA covers the activities of: Consumer reporting agencies (CRAs)-university Kentucky did the googling themselves they did not go thru a company which Users of consumer reports Furnishers of information for consumer reports Make sure there is separation on someone doing the r...