What does the Fair Credit Reporting Act aim to ensure?

The Fair Credit Reporting Act (FCRA) primarily aims to promote the accuracy, fairness, and privacy of information contained in the files of consumer reporting agencies. This law was enacted to ensure that consumers have the right to access their credit reports, dispute any inaccuracies, and have their information kept confidential. By emphasizing consumer privacy and accurate reporting, the FCRA helps protect individuals from identity theft and ensures that creditors base their lending decisions on correct data. This makes option A the most relevant and accurate choice in relation to the FCRA's goals.

The other options address different themes: promoting healthy competition is more related to antitrust laws, reducing interest rates for loans pertains to fiscal policy and regulations within the banking sector, and improving education quality aligns with educational reform, which are not the focuses of the Fair Credit Reporting Act.