Which law amended the Fair Credit Reporting Act in 2003?

The Fair and Accurate Credit Transactions Act (FACTA) is the law that amended the Fair Credit Reporting Act (FCRA) in 2003. FACTA was established to enhance consumer protections in various aspects of credit reporting, notably by allowing consumers to obtain free credit reports and ensuring that identity theft protections were strengthened. This act addressed the need for better accuracy and accountability in credit reporting practices, emphasizing consumer rights and the importance of safeguarding personal financial information.

In contrast to FACTA, the Dodd-Frank Wall Street Reform Act was enacted later in 2010 and primarily focuses on financial regulation and reform in the wake of the 2008 financial crisis. The Consumer Protection Act encompasses a variety of consumer rights and protections but is not directly tied to the amendments of the FCRA. The Privacy Act pertains to the management of personal information held by federal agencies and does not relate specifically to credit reporting practices. Each of these other options addresses important regulatory areas but does not pertain directly to the amendments made to the FCRA in 2003.