 |
Correct!
Answer: C. Though similar,
an investigative consumer report and consumer report have
one distinct difference--the source of the information.
Investigative consumer reports require interviews or discussions
with someone about the consumer that bear on the consumer's
credit, character, personal characteristics, or mode of
living. While some consumer reports involve interviews with
people (ie education or employment verifications), these
normally will not meet the definition of an investigative
consumer report if the CRA is merely verifying information
provided by the applicant. Be cautious, however, when asking
more than verification questions as that type of activity
could turn a garden variety consumer report into an investigative
consumer report.
The
main difference between a consumer report and an investigative
consumer report under the FCRA are:
A)
there is none
B)
a consumer report is done by a CRA and an investigative
consumer report is done by a private investigator or someone
with a PI license
C)
an investigative consumer report involves interviews with
friends, neighbors, etc.
D)
a consumer report only involves public record data
|
