Sunday, July 01, 2007
Credit reporting freeze available in DC
The District of Columbia, starting today July 1, 2007, will have a new law allowing consumers to order credit freezes as a way of preventing fraud. California was the first to have such a law, in 2003, with 33 states having such laws. Maryland will allow consumers to do this starting January 1, 2008, and Virginia does not have a low like this.
A consumer may, with certified letters, request Experian, Trans Union and Equifax to freeze their records, causing denial of any attempts to take credit out in the consumer’s name. Credit reporting agencies can charge a small fee for this. It takes several days to unfreeze credit, as to buy a home, and that process may be available online soon.
Credit freezes accomplish manually what might be accomplished anyway by forcing credit grantors to verify preferred addresses with NCOA, as I have suggested. The posting was in September 2006, here.
In an earlier posting, I had discussed the proposed Financial Data Protection Act (or Data Accountability and Trust Act) of 2006, here: This is HR 3997, and here is the Gov Track link:
The story today about Washington DC is in The Washington Times, Business Section, p. C9, Saturday June 30, 2007, by Melanie Hicken, “Law helps D.C. residents prevent ID theft.” There is a similar story on page 11 of the DC Examiner, Monday July 2, 2007.
Update: (July 3)
See last page of this post for story about employer physical security (incident at Fidelity National Information Services unit of Certegy Check Services, Inc. in Florida).
Important blogger story July 6 about identity protection and what happened in Britain, here.
See this blog June 26, 2006 for an earlier story about this concept of credit freeze.