Describe the Fair Credit Reporting Act of 1970, the Fair and Accurate Credit Transaction Act of 2003 ...

The Fair Credit Reporting Act of 1970 regulates credit agencies. It allows you to see your credit reports to check the accuracy of information and challenge inaccuracies. Amended several times, the Fair and Accurate Credit Transaction Act of 2003 (FACTA) preempts some state privacy protections but mandates that you can have a free credit report each year. FACTA also adds some protection against identity theft.
The Privacy Act of 1974 prohibits disclosure of government records to anyone except the individual concerned, except for law enforcement purposes. It also prohibits the use of information except for the purpose for which it was gathered. It deals with the use and disclosure of Social Security numbers.