What is NOT a function of Consumer Reporting Agencies?

The correct answer identifies an activity that is not part of the functions performed by Consumer Reporting Agencies. Consumer Reporting Agencies primarily focus on gathering, compiling, and maintaining consumer credit information, which they then provide to businesses through credit reports. These agencies do not provide loans directly to consumers; instead, they serve as intermediaries that supply credit-related data to lenders and other businesses.

By assessing the roles of such agencies, it becomes clear that their primary responsibilities revolve around data compilation and reporting, not the extension of credit. For example, when a business seeks to evaluate an individual's creditworthiness, it turns to these agencies for detailed reports rather than going through the agencies to secure a loan. Thus, the function of providing loans is distinctly outside the purview of Consumer Reporting Agencies.