consumer reporting agencies

consumer reporting agencies
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. . 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • consumer reporting agency — 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… …   Law dictionary

  • Consumer protection — laws designed to ensure fair trade competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors …   Wikipedia

  • Consumer Data Industry Association — The Consumer Data Industry Association is the trade association for the various consumer reporting companies in the USA. It represents around 200 consumer data companies that provide fraud prevention and risk management products, credit and… …   Wikipedia

  • consumer — /ksnsfyjuwmsr/ One who consumes. Individuals who purchase, use, maintain, and dispose of products and services. Users of the final product. A member of that broad class of people who are affected by pricing policies, financing practices, quality… …   Black's law dictionary

  • consumer — /ksnsfyjuwmsr/ One who consumes. Individuals who purchase, use, maintain, and dispose of products and services. Users of the final product. A member of that broad class of people who are affected by pricing policies, financing practices, quality… …   Black's law dictionary

  • Fair Credit Reporting Act — The Fair Credit Reporting Act (FCRA) is an American federal law (codified at usc|15|1681 et seq.) that regulates the collection, dissemination, and use of consumer credit information. ( [http://www.ftc.gov/os/statutes/031224fcra.pdf Full Statute] …   Wikipedia

  • Fair Credit Reporting Act — (FCRA) A federal law that regulates the use and content of credit reports to protect consumer privacy and ensure the accuracy of the information they contain. The FCRA restricts the information that may be included in a credit report, limits who… …   Law dictionary

  • Fair Credit Reporting Act — ( FCRA) Consumer protection legislation enacted in 1968 as part of the Consumer Credit Protection Act to ensure that the banking system in the United States would have a reliable credit reporting system. The stated purpose of the Fair Credit… …   Financial and business terms

  • Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… …   Wikipedia

  • Commercial credit reporting — is the maintenance and reporting of credit histories and risks for commercial companies. While most people are familiar with consumer credit reports many are unaware that a similar reporting system exists to assess risk in extending loans to… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”