credit bureau

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credit bureau

n.
An organization to which business firms apply for credit information on prospective customers.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Following the collection of information and data, the credit bureaus will be able to offer value-added services to different enterprises and businesses.
ISLAMABAD -- The government has made it mandatory on financial institutions, retailers, telecom service providers and utility companies to provide all relevant data to licensed private credit bureaus regulated by the State Bank of Pakistan (SBP).
Here is what you need to know about credit bureaus and what they do with your credit score.
America's credit bureaus haven't exactly covered themselves in glory when it comes to protecting your private data.
It added that the credit reporting subindicator also measured the coverage, scope and accessibility of credit information available through credit reporting service providers, such as credit bureaus or credit registries.
Since the court has directed to set the minimum capital at a reasonable level, therefore, in line with the direction of the court, the State Bank has reviewed the local and global level of setting up credit bureaus in private sector.
He said that the current legislation in Azerbaijan doesn't limit the number of private credit bureaus in the country and their number may increase in the future.
Clarity's non-traditional credit data provides a unique insight into consumer credit behavior that is not available from the traditional credit bureaus. Lenders and buy-here-pay-here or sub-prime dealers who exclusively use traditional bureau scores are missing a wealth of information that could have a huge impact on underwriting or lending decisions.
Although this concept is essentially old (with credit bureaus in Germany, Sweden, and the US existing for nearly a century), it gained significant traction in the post-2009 era as several countries introduced regulations guaranteeing that borrowers can inspect data in credit information registries, while improving the regulatory framework for sharing credit information.
The Kenyan central bank has warned commercial banks against misuse of credit bureaus, according to Reuters.
ISLAMABAD -- The Senate on Thursday passed the Credit Bureaus (Amendment) Bill, 2016 to ensure the existing legislation in conformity with the provision of Banking Companies Ordinance and international best practices.