Technical Terms
Data Furnisher: Definition
An entity that reports consumer credit information to credit bureaus.
Definition
A Data Furnisher is any entity that provides consumer credit information to consumer reporting agencies. This includes banks, credit card companies, auto lenders, collection agencies, and other creditors. Data furnishers must comply with FCRA accuracy and dispute handling requirements.
Usage Notes
- Must establish reasonable accuracy procedures
- Required to investigate disputes
- Subject to CFPB supervision if large enough
Related Terms
More Technical Terms
Metro 2 Format
The industry standard format for credit reporting data.
CRRG (Credit Reporting Resource Guide)
The official Metro 2 format specification document.
Subscriber Code
A unique identifier assigned to data furnishers by credit bureaus.
Fixed-Length Format
A data format where each field has a predetermined size.
Alphanumeric
A field type that accepts both letters and numbers.
Numeric Field
A field type that accepts only numbers.
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