consumer reporting agency that compiles and maintains files on consumers on a nationwide basis

The term “consumer reporting agency that compiles and maintains files on consumers on a nationwide basis” means a consumer reporting agency that regularly engages in the practice of assembling or evaluating, and maintaining, for the purpose of furnishing consumer reports to third parties bearing on a consumer’s credit worthiness, credit standing, or credit capacity, each of the following regarding consumers residing nationwide:

Source

15 USC § 1681a(p)

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Scoping language

None identified, default scope is assumed to be the parent (subchapter III) of this section.

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