Question

Under the Fair Credit Reporting Act, credit bureaus are required to report information accurately and to remove or correct information that is outdated or inaccurate.

True or false

Answer 1

It's true.

fair Credit Reporting Act (1970)

Answer 2

True

Step-by-step explanation:

It is true that under the Fair Credit Reporting Act, credit bureaus are required to report information in this way. The Fair Credit Reporting Act was passed in 1970 by the federal government, which makes it a federal law. The purpose of such a law was to regulate both the collection of credit information, as well as the access that credit reporting agencies have to people's credit reports.