Consumer Reporting Reform Act of 1994

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Amendments to the Fair Credit Reporting Act Title II: Credit Repair Organizations Consumer Reporting Reform Act of 1993 - Title I: Amendments to the Fair Credit Reporting Act - Amends the Fair Credit Reporting Act (the Act) to specify that the term "credit or insurance (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: (1) a legitimate business need in connection with a business transaction that is initiated by the consumer or is a direct marketing transaction for which the furnishing of a report is not prohibited by provisions enacted by this Act; and (2) 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: (1) 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; and (2) a consum…