What is the relationship between FACTA and FCRA?

• A. FACTA repeals FCRA
• B. FACTA has no relation to FCRA
• C. FACTA creates a separate reporting framework
• D. FACTA amendments to FCRA add identity theft protections and other improvements.

Answer: (D)

FACTA is an amendment to the Fair Credit Reporting Act, not a separate law or a repealer. It updates and strengthens FCRA by adding identity theft protections and other improvements within the same framework. For example, FACTA introduced rights like free annual credit reports, expanded fraud alert protections, and practical data-security measures (such as truncating card numbers on receipts). It also gave the FTC authority to implement identity theft safeguards. In short, FACTA enhances FCRA by adding protections and modernization rather than creating a new, separate reporting system.