Question
In: Finance
In this module, you learned about the following acts that protect consumers’ privacy and identity: Fair...
In this module, you learned about the following acts that protect consumers’ privacy and identity:
Fair Credit Reporting Act
Fair and Accurate Credit Transactions Act
Gramm-Leach-Bliley Act
USA PATRIOT Act
In addition to protecting a consumer’s privacy/identity, these acts can also impact the consumer’s ability to obtain a mortgage loan. In this discussion assignment, share your response to the following questions: Which Act best protects a consumer’s privacy or identity? Why? How does that same Act positively or negatively impact the consumer’s ability to obtain a mortgage loan?
Solutions
Expert Solution
The Fair Credit Reporting Act is a federal law that helps to ensure the accuracy, fairness and privacy of the information in consumer credit bureau files. The law regulates the way credit reporting agencies can collect, access, use and share the data they collect in your consumer reports.Creditors give reporting agencies inaccurate financial information about you. Reporting agencies mixing up one person's information with another's because of similar (or same) last name or social security number. Agencies fail to follow guidelines for handling disputes.
Consumers credit report can determine whether you can obtain a
mortgage, car loan, job, and even an apartment. When creditors,
debt collectors, or credit reporting agencies violate the FCRA, it
can decrease your credit score, lead to a denial of credit, cause
higher interest rates on loans, and more.
Here is the final conclusion fair credit reporting act protects privecy/Identity. It has moreover negative impact on consumers mortgage loans
jeff jeffy answered 1 year agoRelated Solutions
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
64 college students were compared with the behaviors of 56
nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 25 agreed with...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
63 college students were compared with the behaviors of 58 non
students. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 24 agreed...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
61 college students were compared with the behaviors of 55
nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 22 agreed with...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
61 college students were compared with the behaviors of 59
nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 24 agreed with...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
63 college students were compared with the behaviors of 58
nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 24 agreed with...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
61 college students were compared with the behaviors of
58nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 23 agreed with this...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
63 college students were compared with the behaviors of 59
nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 24 agreed with...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
63 college students were compared with the behaviors of
59nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 24 agreed with this...
A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent...
A study of identity theft looked at how well consumers protect
themselves from this increasingly prevalent crime. The behaviors of
65 college students were compared with the behaviors of 56
nonstudents. One of the questions was "When asked to create a
password, I have used either my mother's maiden name, or my pet's
name, or my birth date, or the last four digits of my social
security number, or a series of consecutive numbers." For the
students, 24 agreed with...
In this module, you learned about third party contract rights and that there are generally two...
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make delivery.
Can Jake sue Brian for breach...
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