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Unformatted text preview: The FACT Act also gives consumers who have been victimized by identity theft some assistance in rebuilding their credit reputations. For example, credit reporting agencies must stop reporting allegedly fraudulent account information once the consumer establishes that identity theft has occurs. Business owners and creditors are required to provide a consumer with copies of any records that can help the consumer prove that a particular account or transaction is fraudulent. In addition, to help prevent the spread of erroneous credit information, the act allows consumers to report the accounts affected by identity theft directly to the creditors....
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This note was uploaded on 05/16/2010 for the course BUS buad 311 taught by Professor Phillips during the Spring '10 term at Southwestern Adventist.
- Spring '10
- Business Law