Is sharing credit information legal? What about antitrust laws?
It is legal in the United States for companies to share factual accounts receivable credit history. Credit groups, however, must be monitored by an outside party to make sure the information shared does not run afoul of antitrust regulations. ABC-Amega reviews all data that goes into its credit interchange system, including urgent customer information. Subjective statements are removed. If the legality of the credit information is in question, it is not included in the database. Credit group meetings are also monitored by an ABC-Amega staff member who is fully trained and versed in the legal ramifications of such meetings.
