Obtaining consumer information reports under false pretenses is prosecutable by which act?

The Fair Credit Reporting Act (FCRA) is the correct answer because it specifically governs the collection, dissemination, and use of consumer information, including consumer reports. This act is designed to promote accuracy and fairness in consumer credit reporting and to protect consumers from the misuse of their personal information.

Under the FCRA, obtaining a consumer report under false pretenses is considered a serious violation and can lead to criminal penalties, including fines and imprisonment. The act outlines that both consumers and businesses have rights and responsibilities, ensuring that consumer information is handled ethically and transparently.

The other acts listed focus on different aspects of consumer protection and financial transactions. The Truth in Lending Act primarily deals with the disclosure of credit terms and costs to ensure consumers understand what they are agreeing to when they borrow money. The Consumer Financial Protection Act created the Consumer Financial Protection Bureau to oversee financial institutions and enforce consumer protection laws but does not specifically address false pretenses related to consumer information. Lastly, the Identity Theft Prevention Act is focused on protecting consumers from identity theft and its ramifications rather than the direct misuse of consumer reports. Thus, the FCRA is clearly the act responsible for prosecuting fraudulent attempts to obtain consumer information reports.