Creditor. Generally in FCRA, the terms “credit” and “creditor” have the same meanings as in
section 702 of ECOA (15 U.S.C. 1691a).
(d)The term “credit” means the right granted by a creditor to a debtor to defer payment of debt or to incur debts and defer its payment or to purchase property or services and defer payment therefor.
(e)The term “creditor” means any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit.
The opinions expressed are mine and they are not to be taken as legal advice.