Is Background Assure considered a credit reporting agency based on the information it provides?

A background check service like Background Assure is typically not considered a credit reporting agency under the Fair Credit Reporting Act (FCRA) if it does not provide credit scores. The FCRA defines a credit reporting agency as an organization that regularly assembles or evaluates consumer credit information for the purpose of providing credit reports or other consumer reports that indicate a consumer’s creditworthiness.

In the case of Background Assure, if its primary function is to provide information for identity verification or other non-credit-related purposes, it does not fall under the definition of a credit reporting agency. It’s important to understand that the FCRA specifically regulates agencies that provide credit reports and related services such as credit scores, which are essential for evaluating creditworthiness. Since Background Assure does not provide these credit scores, the conclusion that it is not a credit reporting agency is accurate and aligns with the definitions and requirements set forth by the FCRA.