Fair Credit Reporting Act Amendments

[AI summary unavailable — showing source text] Fair Credit Reporting Act Amendments - Provides that a person may not procure an investigative consumer report on any consumer unless the consumer has given written indication of his authorization of such report, after receiving written disclosure to him of the methods and scope of the investigation. Specifies what such disclosure shall include. Provides that the consumer shall be advised of the existence of any medical information withheld, and of his right to have such information furnished to a licensed physician of his choice. States that consumers are entitled to receive a copy of their credit report through the mail, and consumers who are turned down for credit, insurance or employment, are entitled to free disclosure of the contents of their credit file by long distance telephone without paying a toll charge. Requires that each investigative consumer report shall: (1) be in writing; (2) shall identify the sources of all information contained therein; and (3) shall be retained in the file of the consumer to whom it relates for a period of one year following its completion. Provides that anyone who takes adverse action against a consumer on the basis of information in a credit…