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credit repair organizations are now subject to federal law and disclosure requirements. True or false?

User Jim Fred
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Answer:

True

Step-by-step explanation:

Credit repair businesses are governed by federal law and must make certain disclosures. The Credit Repair Organizations Act (CROA) is a federal statute that governs credit repair businesses. It establishes certain requirements and provisions that credit repair companies must follow when providing services to clients. The legislation compels these organizations to give customers with specific disclosures, such as information about their services, fees, and consumer rights. It also forbids some misleading activities and gives consumers certain rights and remedies in the event of a breach. As a result, credit repair companies MUST follow these federal rules and disclosure standards.

User Degant
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