Fair And Accurate Credit Transactions (FACT) Act Practice Exam

The FCRA requires that any prospective user of a consumer's information have a permissible purpose to obtain a:

adverse action notice consumer report employment history credit file

Correct Answer:

consumer report

Explanation:

The main idea here is that the FCRA lets someone pull a consumer report only when there is a permissible purpose. That permissible purpose must authorize obtaining the report itself, not just other outcomes or data related to it. So the thing you’re allowed to obtain is the consumer report—the document that contains the person’s credit history and other data collected by the reporting agency. The other options describe things that happen after a decision is made (adverse action notice) or pieces of information that may appear in the report (employment history, credit file), but they don’t authorize pulling the report.

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