The Fair Credit Reporting Act requires that reports contain accurate,relevant,and recent information,and that only bona fide users be permitted to review a file for approved purposes

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The statement is true. The Fair Credit Reporting Act (FCRA) mandates that credit reports should contain accurate, relevant, and recent information. It also states that only authorized users with valid reasons can access a credit report.

The Fair Credit Reporting Act Requires That Reports Contain Accurate,relevant,and