Which of the following is a consequence under the Fair Credit Reporting Act for non-compliance?

The correct answer reflects the legal consequences imposed under the Fair Credit Reporting Act (FCRA) for violations of its provisions. Specifically, the FCRA establishes that individuals or entities found to be in non-compliance may face penalties that include civil liability. The maximum civil penalty for willful non-compliance can be up to $5,000 per violation, along with the possibility of imprisonment for up to one year.

This highlights the FCRA's serious approach to ensuring that consumer reporting agencies and entities using consumer reports adhere strictly to the regulations designed to protect consumer privacy and accuracy in reporting. The focus on penalties underscores the importance of compliance in maintaining the integrity of financial transactions and ensuring that consumers are treated fairly.

The consequences outlined in the other options do not align with the established penalties in the FCRA, demonstrating a misunderstanding of the specific penalties that can be imposed for violations. Understanding these penalties is crucial for anyone involved in the use of consumer credit reporting and for ensuring adherence to FCRA regulations.