Which of the following is false regarding the Fair Credit Reporting Act $($FCRA$)?$

Muluple Choice

It limits the disclosure of consumer reports.

It requires credit reporting agencies to use reasonable procedures to prevent unlawful disclosures of consumer information.

It is a federal law that regulates credit reporting to promote the accuracy, fairness, and privacy of sensitive personal information and repayment history.

Both the Federal Trade Commission and the Securities and Exchange Commission $($SEC$)$ have enforcement jurisdiction over the FCRA.