The bill would change the Fair Credit Reporting Act’s rules for security freezes for protected consumers. When a representative provides the required identification, proof of authority, and other documents, a credit reporting agency must place the freeze for free within three business days. The agency must also notify other credit reporting agencies within three business days, and each notified agency must place the freeze within three business days of receiving that notice. The changes would take effect 18 months after enactment.
A representative of a protected consumer could request a security freeze by toll-free telephone, secure electronic means, or mail. The request must include the required documents. The bill does not further explain who qualifies as a protected consumer.
Credit reporting agencies must place the requested freezes free of charge. No publicly available information about other expenses.
No publicly available information.
No publicly available information.