Fair Investigative Reporting Act

[AI summary unavailable — showing source text] Fair Investigative Reporting Act - Amends the Consumer Credit Protection Act to prohibit the furnishing of a consumer investigative report by an agency in business to compile such reports to anyone except under specified circumstances, such as for use in a transaction to extend credit to the subject of the report, for employment purposes, or in connection with insurance underwriting. Sets time limits after which information concerning bankruptcies, arrest records, and other adverse data may not be included in such report. Prohibits, with a specified exception, the procurement of such investigative report without informing the consumer in writing of the nature, methods, and scope of the investigation and first obtaining his consent to such investigation. Prohibits the disclosure of medical information without first informing the consumer to whom such information is being disclosed and the circumstances under which such medical information will be disclosed or released to third parties other than the consumer reporting agency. Prohibits consumer reporting agencies from furnishing a consumer investigative report to any person if it has reason to believe such report will be used for an…