Consumer Report and the FCRA
I have applied for credit on numerous occasions and was surprised to see that what I thought would be a good report was actually negative because I had failed to pay a bill to a cell phone provider when a switched service to a different provider. The bill was not even expensive yet it hurt my credit rating severely and to this day is still on it, impacting my credit score. This caused me to get a poorer interest rate when I went to borrow to buy a car, which meant I ended up paying more in the long run—much more—all because I failed to take care of one small, insignificant bill way back in the past when I could have easily paid it had I given it more attention.
I have also had a negative experience with my consumer report when I went to apply for a job as a mail driver with the USPS. I aced the test and did very well in the interview and was all set to get the job, but when the USPS reviewed my consumer report and saw my driving record, which contained information about my failure to pay a seat belt...
References
Experian. (2017). How long do collections stay on your credit report? Retrieved from https://www.experian.com/blogs/ask-experian/how-long-collections-stay-credit-report/
3. Most of the problems with regard to issues of accuracy and privacy are caused by unauthorized third party disclosure of debtor information. A. Many times, private debtor information that is revealed to third parties in the chain of transmission from the debtor is unauthorized. B. Due to outsourcing of various office services overseas, safeguarding of private debtor information is problematic at best. C. The outsourcing of the handling of private debtor information
The consumer can learn about the various ways credit reports may -- and may not -- be used by reading credible source data online or in print publications. One of the ways consumers can empower themselves is to gain access to their own credit reports. Access to one's own credit report is easily obtained online, by paying a fee to one of the credit bureaus or consumer reporting agencies. Gaining
Information Technology Acts What were the advances in information technology that resulted in new ethical issues necessitating the creation of each act? One of the common challenges that most regulations will face is keeping up with the changes in the technology. As the law, is designed to provide everyone with some kind of protection against potential abuse. However, improvements in technology have transformed the way that everyone is living their daily lives.
Final rules will determine the effective date. In response to a request by ABA and other trade associations, on November 24, 2004, the banking agencies and the Federal Trade Commission wrote that institutions do not have to comply with those FACTA provisions which must be implemented by rulemaking until after adoption of final rules. Those provisions include those related to: risk-based pricing notices; affiliate marketing; medical information sharing; red
" According to the American Civil Liberties Union (ACLU). A "national security letter" (NSL) is basically a written demand by the FBI or other federal law enforcement agencies for a group or organization to turn over records or data or documents, with no warrant attached to the demand. They are given out without probably cause or any justice-related back-up, and have been used extensively since the Patriot Act; they are
USA Patriot Act United States has been utilizing and exploiting all possible means of thwarting potential terrorist attacks and eliminating terrorist elements from the country. Various laws have been enacted to control information flow and to curtail any risk of terrorism activity against the United States. With communications means becoming more advanced, the country also needed to monitor the terrorist activities carried out through communication channels including Internet, emails and telephones.
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