Fair Credit for American Hostages Act

This bill amends the Fair Credit Reporting Act to prohibit consumer reporting agencies from including adverse information in consumer reports if that information resulted from the consumer being unlawfully or wrongfully detained abroad or held hostage abroad. Sec. 2, Adverse information about consumers unlawfully or wrongfully detained abroad or held hostage abroad: This section adds a new section 605D to the Fair Credit Reporting Act. It defines a 'covered consumer' as a U.S. national determined to be unlawfully or wrongfully detained abroad under the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act, or a U.S. national taken hostage abroad as determined by the Hostage Recovery Fusion Cell. It also defines 'detention or hostage documentation' as official federal documentation of such a determination and the time period involved, plus documentation identifying adverse items that should not be reported. The section prohibits a consumer reporting agency from furnishing a consumer report with any adverse item about a covered consumer if the consumer has provided that documentation to the agency. It requires the Director of the Bureau of Consumer Financial Protection to issue rules within 180 days of enactment to implement this, including a method for consumers or their legal representatives to submit the documentation. The amendments take effect 30 days after the Director issues those rules.