Fair and Accurate Credit Transaction Act of 2003

Fair and Accurate Credit Transaction Act of 2003

Legislation in the United States requiring the three major credit reporting agencies to disclose an individual's credit reports to that individual once per year for free. One may request a free report through a website or telephone number managed by the three agencies, Experian, Equifax, and TransUnion, in cooperation with the Federal Trade Commission. The Act contains provisions making identity theft more difficult. See also: Fair Credit Reporting Act.
References in periodicals archive ?
by highlighting the success story of Operation HOPE client Shonelle Blake, as he signed the Fair and Accurate Credit Transaction Act of 2003 into law.
The Fair and Accurate Credit Transaction Act of 2003 contains provisions that seek to improve the financial literacy of consumers by establishing a Financial Literacy and Education Commission, which will coordinate promotion of federal financial literacy efforts, and will develop a national strategy to promote financial literacy and education.