Consumer Reporting Agency (CRA)
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Consumer Access
Ability for consumers to request and obtain copies of their credit reports
Data Security and Privacy
Adherence to strict standards to prevent unauthorized access to consumer credit information
Credit Reporting
Collection of information about consumers' credit history, borrowing, repayment behavior, and outstanding debts to generate credit reports for lenders
Consumer Reporting Agency (CRA)
Company that collects, maintains, and provides consumer credit information to creditors, employers, and landlords
Credit Scoring
Numerical representation of an individual's credit risk
Compliance and Regulation
Obligation to adhere to standards set by Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC)