Under which act is it prosecutable to obtain consumer information reports under false pretenses?

The Fair Credit Reporting Act (FCRA) is the correct answer because it specifically governs the collection, dissemination, and use of consumer information, including consumer credit reports. One of the key provisions of the FCRA is that it prohibits obtaining consumer information reports under false pretenses or knowingly without a permissible purpose. This means that it is an offense to acquire these reports through deceptive means, ensuring consumer privacy and security in their personal financial information.

The other acts mentioned do not address the unlawful acquisition of consumer information reports in the same way. The Consumer Protection Act generally focuses on protecting consumers from unfair and deceptive business practices. The Truth in Lending Act primarily deals with the disclosure of credit terms to protect consumers in credit transactions. The Credit Repair Organizations Act regulates the practices of credit repair companies, but it does not specifically detail the consequences of obtaining consumer reports under false pretenses. Thus, the FCRA stands out as the legislation directly addressing this issue.