MLchartDataset catalogue

Consumer reporting agencies

Term · Law · MLC-T-LAW-005323

Businesses that collect and sell information about individuals' credit history, bill payment history, and other personal financial data. These entities, also known as credit bureaus, compile this information into consumer reports that are used by lenders, insurers, and employers to make decisions. The activities of consumer reporting agencies (CRAs) are regulated by the federal Fair Credit Reporting Act (FCRA), which governs the accuracy and privacy of the information they handle.

Table 1. Record
IdentifierMLC-T-LAW-005323
FieldLaw
AbbreviationCRA
Record as JSON 
{
  "id": "MLC-T-LAW-005323",
  "term": "Consumer reporting agencies",
  "field": "Law",
  "definition": "Businesses that collect and sell information about individuals' credit history, bill payment history, and other personal financial data. These entities, also known as credit bureaus, compile this information into consumer reports that are used by lenders, insurers, and employers to make decisions. The activities of consumer reporting agencies (CRAs) are regulated by the federal Fair Credit Reporting Act (FCRA), which governs the accuracy and privacy of the information they handle.",
  "abbreviation": "CRA",
  "url": "https://mlchart.com/terminology/law/consumer-reporting-agencies/"
}

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