Consumer Reporting Agency (CRA) Law and Legal Definition

“Consumer reporting agency" or CRA means any person which, 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 which uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports. (15 USCS § 1681a); See Carlton v. Choicepoint, 2009 U.S. Dist. LEXIS 109522 (D.N.J. Nov. 23, 2009)