What is a nationwide consumer reporting agency that compiles medical records known as?

The correct identification of a nationwide consumer reporting agency that compiles medical records is classified as a nationwide specialty consumer reporting agency. This designation characterizes agencies that gather and maintain specialized types of information about consumers, which can include medical history, rental history, or employment history among other specialized areas.

Nationwide specialty consumer reporting agencies differ from general consumer reporting agencies (like the major credit bureaus), as they focus on particular aspects of a consumer's background, rather than typical credit information. The compliance of these agencies with the Fair Credit Reporting Act (FCRA) is crucial, as they must adhere to the same regulations that govern traditional credit reporting agencies, ensuring consumer rights and privacy protections.

On the other hand, a medical reporting agency would suggest a narrower focus and is not the term recognized under FCRA contexts, while a payment and selling reporting agency does not accurately encompass the function of compiling medical records. A financial reporting agency generally pertains to collecting financial data, which does not align with the categorization of a specialty agency focused on medical records.