Question

Which entity is not considered an information provider according to the Fair Credit Reporting Act (FCRA)?

a) First Credit Bank
b) Credit bureau
c) Consumer
d) Regulatory agency

Answer 1

According to the Fair Credit Reporting Act (FCRA), the entity that is not considered an information provider is a regulatory agency.

Step-by-step explanation:

According to the Fair Credit Reporting Act (FCRA), the entity that is not considered an information provider is d) Regulatory agency. According to the Fair Credit Reporting Act (FCRA), the entity that is not considered an information provider is a regulatory agency.

First Credit Bank, credit bureaus, and consumers are all considered information providers under the FCRA. First Credit Bank provides information about loans and credit, credit bureaus collect and report credit information, and consumers provide information about their credit history. However, regulatory agencies are not considered information providers as they are responsible for overseeing compliance with the FCRA and enforcing its regulations.