What is the purpose of the Fair Credit Reporting Act?

A) It requires consumer report agencies to adopt reasonable procedures when exchanging credit information.
B) It protects credit companies during the course of their investigations.
C) It guarantees that credit reports will remain confidential and not accessible to businesses that do not sell insurance.
D) It prohibits insurance companies from obtaining reports on applicants from investigative agencies."

Ans: A) It requires consumer report agencies to adopt reasonable procedures when exchanging credit information.