The Act passed to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit is commonly known as:

The Fair Credit Reporting Act is the correct answer because this legislation was enacted to ensure that consumer reporting agencies follow reasonable procedures to protect the accuracy and confidentiality of consumer information. The Act emphasizes the need for fair reporting practices by detailing the responsibilities of credit reporting agencies and providing consumers with rights regarding their credit information, including access to their credit reports and the ability to dispute inaccuracies. This comprehensive approach helps maintain a balance between the needs of commerce for consumer credit information and the protection of consumer rights.

Other terms like the Uniform Credit Act, the Consumer Relief Act, and the Commercial Credit Act do not specifically address the regulatory framework tied to consumer reporting agencies and the practices they must adhere to in relation to consumer credit.