A bill to amend the Fair Credit Reporting Act dealing with consumer credit and privacy.

Amends the Fair Credit Reporting Act to make specified restrictions on disclosures of information respecting a consumer by credit reporting agencies applicable to independent authorization services. Defines such services as any persons who regularly engage in whole or in part in the practice of providing consumer credit information or other credit- related information on consumers to third persons, or guarantee the payment to payor banks of checks signed by consumers.

Requires credit care issuers to maintain reasonable procedures to prevent disclosures of inaccurate information.

Prohibits any credit reporting agency from making any consumer report respecting any consumer which contains information identifying any person to whom a previous consumer report respecting such consumer has been furnished.