National Association of Independent Credit Reporting Agencies Inc

Overview

The National Association of Independent Credit Reporting Agencies Inc, also known as National Consumer Reporting Association (NCRA), is a U.S. nonprofit organization. It is classified as a business league or chamber of commerce, focused on promoting business conditions within the consumer reporting industry. The organization does not provide tax-deductible donations.

Purpose and Activities

Though specific details about its activities are limited, organizations like NCRA generally support and regulate independent consumer reporting agencies. These agencies operate in various niches, such as employment screening, low-income credit reporting, and specialized consumer data management. NCRA may work to establish industry standards, promote consumer education, and ensure compliance with regulations such as the Fair Credit Reporting Act.

Financial and Governance Structure

As reported in its tax filings, the organization generates revenue from contributions, royalties, and other sources like fundraising. Executive compensation forms a significant portion of its expenses. NCRA operates under a governance structure that includes a board of directors.

Industry Context

The credit reporting industry is crucial in the U.S., with major players like Equifax, Experian, and TransUnion providing consumer credit information. Independent agencies, which NCRA supports, often specialize in niche markets such as employment screening or serve specific consumer segments.

Public Impact

Organizations like NCRA play a role in shaping industry practices and standards, which can impact consumer rights and access to credit and employment opportunities. However, detailed specifics about NCRA's impact are not readily available.

[1] https://projects.propublica.org/nonprofits/organizations/351877818 [2] https://www.irs.gov/pub/irs-tege/eotopica04.pdf [3] https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/consumer-reporting-companies/companies-list/ [4] https://consumer.ftc.gov/articles/free-credit-reports [5] https://www.ncrainc.org/empoweren36368.html