If a user of a consumer report takes an adverse action, what must they provide?

When a user of a consumer report takes an adverse action, they are required to provide an adverse action notice that includes specific information about the credit reporting agency that furnished the consumer report. This requirement comes from the Fair Credit Reporting Act (FCRA), which aims to ensure transparency and protect consumers' rights.

The adverse action notice must inform the consumer of the action taken, provide the name, address, and phone number of the credit reporting agency, and state that the consumer has the right to dispute the accuracy of the information in the report. This notification is crucial because it helps consumers understand why they were denied credit or received less favorable terms, allowing them to take appropriate steps to address any inaccuracies if necessary.

The other choices do not fulfill the legal requirements set out by the FCRA. For instance, summing up the consumer's credit history or providing recommendations for improving credit scores does not meet the specific notification needs outlined after an adverse action. Additionally, while a detailed explanation of adverse action reasons may be helpful, it is not mandated by the FCRA like the adverse action notice is.