A bill to amend the Fair Credit Reporting Act dealing with depository institutions and privacy, and for other purposes.

Title I: Depository Services - Amends the Fair Credit Reporting Act to require a depository institution to exercise reasonable care in the use of consumer reporting agencies, independent authorization services, and independent check guarantee services.

Requires a depository institution, before causing credit information to be gathered about a consumer, to disclose to such consumer all types of information which may be collected and all types of institutions which may collect the information.

Requires a depository institution which uses information in denying credit or increasing credit charges to inform the consumer in clear language of: (1) the specific reason for the adverse decision; (2) the specific information relied upon; (3) the consumer's right to inspect and copy such information; and (4) consumer rights provided under such Act.

Provides for enforcement of this Act by the appropriate Federal agencies.

Title II: Electronic Funds Transfer Services - Requires an electronic funds transfer service to destroy individually identifiable account information 45 days after the date of each transaction. Requires providers of such services to establish and maintain procedures enabling individuals to promptly correct inaccuracies in transactions or account records generated by the service.