Bureaus and exchanges
FCRA data furnisher requirements, and what bureaus give back
Updated
Most lenders already send their accounts somewhere: to a credit bureau as a furnisher, or into a members' exchange that pools them. Neither is a sale, and the pages that describe them say what a holder receives instead.
Furnishing to a bureau
Equifax asks a consumer data contributor to report every account it holds each month, current, delinquent and charged-off accounts alike, and a commercial furnisher to be assigned an Equifax Member Number after its credentialing process. TransUnion's page says that without furnishers sending timely and accurate account updates there is no credit report. The duties a furnisher takes on are in section 1681s-2 of the FCRA.
Source: Who takes credit data
Give-to-get exchanges
Experian's CAIS returns the equivalent data from over 400 banks, lenders, insurers and utility and telecoms companies to the members that contribute. SBFE calls itself a closed give to get data exchange, Dun & Bradstreet's Global Trade Exchange gives participants payment benchmarking for their receivables data, and Moody's Data Alliance returns benchmark analytics and consensus estimates to member institutions.
Licensors that pay
4 of the 12 credit software vendors keep a pooled-use right, but on the buyers side it is the AI-data licensors that pay: Nyne pays once a dataset is delivered and accepted, and License My Data says a holder is paid on each placement of a non-exclusive licence.
Where to go next
What the software holding the accounts allows is at credit data ownership.