Credit Reporting Agencies Law and Legal Definition

According to 7 CFR 3.3 [Title 7 Agriculture; Subtitle A Office of the Secretary of Agriculture; Part 3 Debt Management; Subpart A General], credit reporting agencies (also known as credit bureaus) means major consumer credit reporting agencies that have signed agreements with agencies to receive and integrate credit information (data) from voluntary subscribers (Federal agencies and private sector entities) into their respective databases for the purpose of generating credit reports for sale to purchasers of credit data.