credit bureau


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credit bureau

n.
An organization to which business firms apply for credit information on prospective customers.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.credit bureau - a private firm that maintains consumer credit data files and provides credit information to authorized users for a fee
agency - a business that serves other businesses
References in periodicals archive ?
The CRIF Jordan credit bureau will bridge the gap in credit demand in the country, extend it to more segments of society, as well as further support the growth of loans and mortgages.
Expected Development Impact : Through this program, IFC will work with the respective central banks, credit bureaus, and lenders in an honest broker capacity to provide technical support to these stakeholders for the improvement of credit reporting systems in the countries.
The law on licensing system is invited to register licensing of credit bureaus, as well as to specify that particular licensing of credit bureaus is determined by the legislation on the exchange of credit information.
The announcement that the UAE would have its own credit bureau received an overall warm welcome, and was broadly seen as an important step in the development of the country's financial ecosystem.
Al Etihad Credit Bureau (AECB) is a Federal Government Company established under a UAE Federal Law No.
Also, the Credit Bureau will share this information with the credit authorities of other countries.
Emma Haiyambo, Acting Director: Department of Strategic Communications and Financial Sector Development said, "In terms of the Credit Bureau Regulations, only entities that meet the requirements for registration as credit bureaus will be granted a license to conduct the business of a credit bureau in Namibia.
The credit bureau has completed the process of uploading six months of credit data and information collected from banks and financial institutions to its credit reporting system.
Global Banking News-August 12, 2014--Singapore central bank wants more oversight of credit bureaus
Al Etihad Credit Bureau has completed the final steps of its pre-operational phase, including an intensive security audit of the system, penetration testing and a complete system review.
And a 2011 study by the Policy and Economic Research Council found that 95% of consumers who notified the credit bureau about an error in their credit report were satisfied with the outcome.
Al Etihad Credit Bureau, which was set up by the UAE federal government in early 2012, confirmed at a press conference, that it will

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