History

Credit Bureau Services has a rich proud history of serving our communities for over 100 years.

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Our commitment to area businesses, as well as the citizens, testifies to our longevity. Our focus is not to be the biggest but to be the best in our areas of service.

Since our inception, our history, the history of our industry and the history of our communities has been closely intertwined.

2021

January of 2021, was a month for many changes. First CBS became Employee Owned. Second, we began an intense re-write of our website at creditpartners.com. Making the site available on mobile devices. At the same time, CBS is working hard to upgrade their services, investing in new technology, in all three areas.

In September, CBS impliment an IRV for our 1-800 number, which answers consumers most frequently asked questions. To relieve our staffing shortage, we also change the hours our offices are open to the public.

In November, CFPB new guideline became effective for all agencies, formally called Reg F.

2020

In March our country was hit with a pandemic called COVID-19. On March 16th, non-essential businesses in Nebraska were closed. On May 4th guidelines were issued controlling & limiting normal business activity.

2016

Developed FAP/ECA (Financial Assistance Policy) program for Charitable Hospitals to comply with Regulation R in the Affordable Care Act.

2010

Enhance website to provide secured payments and began consolidating Columbus, Lincoln and Grand Island operations into our Norfolk location

2019

In March Nebraska experienced a devastating flood. Many roads connecting towns were destroyed, communities wiped out, neighbors, businesses and friends were all affects. For several months, CBS' employees provided clothing, supplies & food for those who were displaced, while assisting in sandbagging and clean-up operations.

2006

CBS opened their branch office in Lincoln, Nebraska.

GUS spun-off their credit reporting division, Experian; Merrill Lynch stated that Experian could be worth $13 Billion dollars after the split.

2007

Our new website, retooled, rewritten, and redesigned was brought online.

CBS purchased the Credit Bureau of Grand Island, NE

2004

CBS/CheckMate began providing electronic representment services to area merchants. This service helped businesses take full advantage of Check 21 rules.

CBS began offering banks and creditors online mortgage and reporting services, through a web based application.

Fair Isaac announced that they are forming their own national CRA.

 

2005

A complete re-write of our CBS website had begun.

Construction of a new branch in Lincoln began.

2003

The Fair and Accurate Credit Transactions Act (FACTA) was signed into law.

2002

Associated Credit Bureaus (ACB) changed their name to Consumer Data Information Association (CDIA). Total number of members had dwindled from 2,600 to 500. This changed also moved their focus from protecting and building consumer credit to one of marketing consumer credit information. This change left existing credit bureaus or resellers, who focused within the credit reporting industry, with no trade association. That year National Credit Reporting Association (NCRA) was formed.

2000

CBS exceeded 7 million dollars in listings.

1998

Credit Bureau Services was one of the first agencies within the collection industry to create an internet site - www.creditpartners.com.

2001

CBS began providing tri-merge credit reports, from all three national CRA's.

1996

TRW sells it's credit reporting services to The Great Universal Stores (GUS), a large retail and mail order conglomerate located in the United Kingdom, for $1.7 Billion dollars and changed their name to Experian

The Health Insurance Portability and Accountability Act (HIPAA) was signed into law.

1995

Automation of all Credit Bureau Services reporting files was completed.

1997

CBS returned nearly 3 million dollars, commission free, to area businesses through their Professional Credit Management (PCM) program.

1990

Credit Bureau Services began automating over 300,000 reporting files with TransUnion's computer program.

1987

Remodeling of 'D' Street location began. Once completed it would hold CBS Corporate Offices, ACIS and Credit Bureau of Fremont.

1984

Credit Data of Columbus changed it's name to Credit Bureau of Columbus.

CBS began offering check recovery services – CheckMate.

1981

TransUnion joined the Marmon Group.

1988

Credit Bureau of Fremont moves to it's present location on 'D' Street.

1977

The Fair Debt Collections Practices Act (FDCPA) was signed into law.

1975

Credit Bureau of Fremont moved their offices, from 130 North Main, to their new building at 46 West Fourth.

TransUnion began to offer computer services to local credit bureaus.

1974

Contruction on Credit Bureau of Fremont's new office, on corner of Park & 4th, began.

1973

Equifax began offering ASP (automation) services to local credit bureaus.

1972

Associated Credit Bureaus had grown to represented over 2,600 locally owned and independently operated credit bureaus.

1971

The Fair Credit Reporting Act was signed into law. The Congress made the following findings: (1) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system. (2) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers. (3) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers. (4) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer's right to privacy.

1970

Credit Bureau Services purchased a small account recovery business in Columbus, creating Credit Data of Columbus.

Thoughout the U S credit reporting agencies began the tremendous undertaking of automating millions of credit files and billions of tradelines. The ASP providers for these automated credit reporting systems were Pinger, Chilton and TRW.

1968

Credit Bureau Services was invited to become a member of Medical-Dental-Hospital Business Association (MDHBA). MDHBA is a service association of select, quality accounts receivable management companies working together to provide educational programs and quality services for its members and the healthcare industry.

1967

The merchant's in Norfolk sold their bureau to Mr. L.E. Tighe, CBS' founder.

1965

Credit Bureau in Norfolk moved to it's current address on Norfolk Avenue.

Credit Bureau Services formed as the parent company to their locally owned and operated bureaus.

1961

Thoughout the United States, locally owned merchant bureaus, secure in that fact that their most precious information - their customers' names - were protected, began to sell their interest in the bureaus to the operator/manager.

Mr. L.E. Tighe purchased the Credit Bureau in Fremont and assumed the management of the Credit Bureau in Norfolk.

1950's

Credit Bureau of Fremont and Credit Bureau of Norfolk joined  American Collectors Association (ACA) and Nebraska Collectors Association (NCA).

1932

Credit Bureau of Norfolk was founded as a merchant owned bureau. Founders were George M. Dudley - Dudley Laundry Co; A.E. Wolfe; M.Charles Fraser - Insurance/Real Estate; Amos.T. Hutchinson - A L Killian Co; Carl.J. Fleming - Fleming Drug Store; and O.T. Johnson.   Guy P. Parish was President and Howard Walters was Secretary.  At that time, the Credit Bureau was located in the Koenigstein Building (417 Nofolk Ave in the basement).

1906

Associated Credit Bureaus (ACB), a non-profit organization, was formed to facilitate the growing needs of the credit reporting industry.

Credit Bureau of Fremont was one of the earlier members of ACB.

1905

Credit Bureau of Fremont was founded as a locally owned and operated merchant credit bureau.

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Credit Bureau Services

Fremont Branch

549 North D Street
P.O. Box 318
Fremont, NE 68025

Norfolk Branch

122 Norfolk Ave
P.O. Box 1327
Norfolk, NE 68702

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