- A profit-making company that gathers information on the credit-worthiness of individuals and companies, and distributes this information to those who provide credit facilities. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants. The major credit bureaus are regulated by the federal Fair Credit Reporting Act.
Business law dictionary. 2015.
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credit bureau — credit bu·reau n: a private business that compiles information on consumers creditworthiness and provides this information to lenders Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. credit bureau … Law dictionary
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credit bureau — a firm that investigates the creditworthiness of and assigns a credit rating to a client s customers or potential customers. Also called credit agency. * * * Organization that provides information to merchants or other businesses concerning the… … Universalium
credit bureau — Establishments which make a business of collecting information relating to the credit, character, responsibility and reputation of individuals and businesses, for the purpose of furnishing the information (i.e. credit reports) to subscribers (i.e … Black's law dictionary
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credit bureau — Fin a company that assesses the creditworthiness of people for businesses or banks. See also mercantile agency … The ultimate business dictionary