Correct!

Answer: A. If you meet the definition of a consumer reporting agency in the FCRA, you fall under the jurisdiction of the FCRA and must follow it. State law has no bearing on a CRA's responsibility and obligation to follow the federal FCRA. The FCRA, however, can at times preempt a CRA's responsibilities under state law, for example, making a state law restrictions on what a CRA can report virtually have no effect (i.e, TX seven year reporting restriction).

As a CRA, I have to follow the Fair Credit Reporting Act:

A) Always

B) Only when the state law is less restrictive

C) Only when the state law is more restrictive

D) Only if I am reporting credit information