What is the name of the process when a financial institution obtains lists of consumers based on creditworthiness?

The process when a financial institution obtains lists of consumers based on creditworthiness is referred to as prescreening. This procedure allows lenders to access consumer credit information in order to identify and target individuals who are likely to qualify for specific credit offers. Prescreening is regulated under the Fair Credit Reporting Act (FCRA), which specifies that consumers must be informed about this process and gives them the right to opt out if they do not wish to receive such offers.

In prescreening, credit reporting agencies provide information to businesses, allowing them to makee targeted offers to consumers. This enables financial institutions to streamline their marketing efforts by reaching out to individuals who meet certain credit criteria, enhancing the likelihood of a successful credit offer.

Other options, such as credit offering, consumer vetting, and eligibility checking, represent various aspects of assessing a consumer's creditworthiness but do not specifically refer to the systematic approach of obtaining lists of consumers based on credit-related data as established under the FCRA. Therefore, prescreening is the most accurate descriptor of this process.