Consumer Credit Protection Amendments of 1990

[AI summary unavailable — showing source text] Consumer Credit Protection Amendments of 1990 - Title I: Fair Credit Reporting Amendments - Amends the Fair Credit Reporting Act to place additional restrictions on the permissible purposes of consumer reports. Adds dwelling rental applications and check cashing privilege applications to the list of permissible uses. Prohibits, subject to exception, a consumer reporting agency (CRA) from furnishing certain reports in connection with any credit or business transaction which is not initiated by the consumer. Prohibits a CRA from reporting Chapter 13 bankruptcy information that is more than seven years old and other bankruptcy information that is more than ten years old. (Current law prohibits reporting any bankruptcy information, including Chapter 13, that is more than ten years old.) Provides for graduated periods of obsolescence for information relating to overdue payments. Repeals exemptions to obsolete information reporting prohibitions relating to credit, life insurance, or employment involving amounts over specified sums. Prohibits a CRA from prohibiting any report user from disclosing the contents of a report to the consumer. Requires a CRA to maintain certain records regardin…