The federal agency that protects consumers' rights when applying for credit is:
Answer: (a), FCRA
The "Fair Credit Reporting Act" or "FCRA" is a federal law that protects the consumers' rights when applying for credit, insurance and employment. The federal law grants consumers the right to view and dispute their credit reports and sets forth who can access consumer credit data. Under this law, consumers are eligible to receive a free credit report once a year to view its content and verify that all of the information is correct.
