The Fair Credit Reporting Act of 1971: Multiple choice question. What does it allow and regulate?
1) It does not allow affected consumers to sue consumer reporting agencies that negligently fail to comply with the act.
2) It allows bankruptcy information to be reported up to seven years.
3) It regulates the use of credit reports, requires deletion of obsolete information, and allows access of their files to consumers.
4) It does not allow credit reports to be provided to someone who will use it in the underwriting of insurance.