Consumer Reporting Reform Act of 1992

[AI summary unavailable — showing source text] Consumer Reporting Reform Act of 1992 - Title I: Amendments to the Fair Credit Reporting Act - Amends the Fair Credit Reporting Act to specify that the term "credit transaction which is not initiated by the consumer" does not include use of a consumer report (CR) by a person with which the consumer has an account for purposes of reviewing or collecting the account. Allows the furnishing of a CR for a legitimate business need in connection with a business transaction that: (1) is initiated by the consumer; or (2) is a direct marketing transaction for which the furnishing of a report is not prohibited by provisions enacted by this Act. Allows the furnishing of a CR for employment purposes only if certain disclosures are made, the employee or prospective employee consents, and the information will not be used in violation of any Federal or State equal employment opportunity law or regulation. Prohibits using or obtaining information from a CR unless it is obtained for an authorized purpose and the purpose is certified under certain provisions of the Act. Prohibits a consumer reporting agency (CRA) from prohibiting a CR user from disclosing the CR to the consumer if adverse action agai…