7. Consumer Protection and Failures The U.S. Federal Trade Commission enforces the Fair Credit Reporting Act (FCA). Which of the following accurately describes the intent of this act To mandate lenders to explicitly state the APR being charged on the loan and explain how much interest will be paid on the loan To increase the amount of consumer protection in financial markets To ensure that banks that want to merge or expand can demonstrate that they are lending and providing financial services to people across their geographical area To mandate credit bureaus to report only accurate information and let people know what is in their credit report and correct errors Which of the following is a common criticism of the Fair Credit Reporting Act? Check all that apply. Continuing presence of redlining in urban and minority areas The threat of government overreach Credit reports increasingly being used in the employment process The burdensome and expensive certification documentation