Monday, June 26, 2006

One defense is a credit freeze

On the following link below, I have the text of HR 3997, The Financial Data Protection Act of 2005/2006.
http://billboushkaid.blogspot.com/2006/06/welcome-to-my-blog-on-stopping.html

This would set a federal standard for allowing credit freezes by consumers, but apparently only those consumers who have become victims of identity theft.

17 states allow any consumer to freeze his credit, which means that no creditor can see his credit report. That prevents his identity from being stolen for new credit accounts. The consumer can unfreeze at any time for a specific reason (like buying a house).

This law might prevent some consumers in these states from being able to freeze their credit.

2 comments:

Jonh Neo said...
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Jonh Neo said...
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