consumer reporting agency
- consumer reporting agency
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USA
As defined under the Fair Credit Reporting Act (FCRA), a party that, for a fee or other benefit, regularly collects and disseminates information about consumers to evaluate the consumer's credit worthiness or other characteristics. Examples include credit bureaus, private investigators, collection agencies and detective agencies. The FCRA imposes several requirements on consumer reporting agencies.
For more information, see Practice Note, Background Checks and References: The Fair Credit Reporting Act and Use of Third Party Providers (www.practicallaw.com/6-500-3948).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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