United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2005-03-16 monographic deposited born digital 128 p. GA 1.13:GAO-05-223 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-223 P0b002ee1803956c7 f:d05223 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-05-223 machine generated eng fdlp REPORT GAOREPORTS-GAO-05-223 GAO-05-223 Consumer education Consumer protection Credit Credit bureaus Data collection Federal law Federal regulations Financial statements Information disclosure Reporting requirements Surveys Other Written Product A19577 This report responds to a mandate in the Fair and Accurate Credit Transactions Act (FACT Act) of 2003 requiring GAO to assess consumers' understanding of credit reporting. The FACT Act, among other things, extended provisions governing the credit reporting system and addressed ongoing concerns about inaccuracies in credit reports. For example, the act expanded access to credit information by entitling consumers to one free credit report each year. It also established the Financial Literacy and Education Commission (FLEC) to improve consumers' understanding of credit issues. This report examines consumers' understanding and use of credit reports and scores and the dispute process and looks at factors that may influence their understanding of credit reporting. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-223/html/GAOREPORTS-GAO-05-223.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-223/pdf/GAOREPORTS-GAO-05-223.pdf GAO-05-223 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-223 Other Written Product GAO-05-223; Credit Reporting Literacy: Consumers Understood the Basics but Could Benefit from Targeted Educational Efforts; Consumer education Consumer protection Credit Credit bureaus Data collection Federal law Federal regulations Financial statements Information disclosure Reporting requirements Surveys Public Law 91-508 Public Law 95-598 Public Law 104-208 Public Law 108-159