Which activities are permissible under the consumer reporting agency exemption?

Issuing consumer credit reports with consent is permissible under the consumer reporting agency exemption because it aligns with the requirements set forth by the Fair Credit Reporting Act (FCRA). This act regulates the collection, dissemination, and use of consumer information, including credit reports. For a consumer reporting agency to operate legally, they must obtain proper consent from the consumer before providing their credit report to third parties. This consent is essential to maintain the privacy and rights of individuals regarding their personal financial information.

The other activities listed either do not require the involvement of a consumer reporting agency or violate the principles established by the FCRA. For example, locating missing persons may involve private investigation practices, but this does not fall under the jurisdiction of a consumer reporting agency unless proper consumer consent is acquired. Conducting private investigations without consent is also not permissible, as it infringes on an individual's right to privacy. Lastly, providing background checks exclusively could lead to misuse if not handled under appropriate regulations, including obtaining consent and ensuring the accuracy of the information gathered. Thus, the issuance of consumer credit reports with consent is the only activity that aligns with the legal framework governing consumer reporting agencies.