Fair Credit Reporting Act Complete Practice Test 2026

The statement is true because under the Fair Credit Reporting Act (FCRA), affiliates can share information about a consumer based on their relationship with that consumer, without requiring additional consent. The FCRA allows for certain conditions under which this sharing can occur, recognizing the nature of affiliate relationships in business. This means that if there is a legitimate relationship between the affiliate and the consumer, sharing information can take place without additional restrictions.

The other choices do not align with the provisions in the FCRA concerning affiliate information sharing. For instance, requiring consumer approval would suggest a level of consent not mandated by the Act when it comes to affiliates. Likewise, stipulations based on the type of information lack the broad applicability that the Act provides regarding sharing based on established relationships.