Finance
Which federal law gives borrowers the right to receive a copy of their credit report when credit is denied?
ARESPA
BFair Credit Reporting Act (FCRA)✓ Correct
CTruth in Lending Act
DCommunity Reinvestment Act
Explanation
The Fair Credit Reporting Act (FCRA) requires that consumers be notified when adverse action is taken based on credit report information, and gives them the right to obtain a copy of the report.
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