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Under the Fair Credit Reporting Act of 1970, a consumer reporting agency is

any person that, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and that uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports.[1]


"Consumer reporting agencies — including the three nationwide credit bureaus, Equifax, Experian, and TransUnion — provide consumer reports that commonly are used to determine eligibility for credit, employment, and insurance."[2]