What types of information do nationwide specialty consumer reporting agencies compile and maintain?

Nationwide specialty consumer reporting agencies are known for compiling specific types of consumer information that go beyond the general credit reports generated by the major three credit bureaus. One of the primary functions of these agencies is to gather and maintain detailed records related to medical information, such as medical records and payments. This focus on medical information allows them to provide insights into a consumer's medical history and payment behavior, which can be relevant for certain industries, such as insurance and healthcare.

This emphasis on medical records aligns with the agency's role in collecting specialized information to inform different sectors about consumer behavior and risk levels. Understanding this function is crucial for effectively navigating the Fair Credit Reporting Act and understanding the extent of consumer rights concerning the reporting and use of such sensitive data.