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

Amends the Fair Credit Reporting Act to require a credit grantor to disclose, upon request, specified information to a consumer who is adversely affected by a credit decision. Sets forth procedures to be followed when a consumer disputes the completeness or accuracy of any item of information contained in such consumer's file.

Requires each commercial reporting service to maintain reasonable procedures designed to avoid the disclosure of inaccurate information to third persons and to assure that information maintained in its files is accurate.

Makes provisions for the enforcement of this Act.