Federal legislation recently took effect that prohibits consumer reporting agencies from charging a fee to place or remove (lift) a security freeze on a consumer credit report in response to a consumer request. The “Economic Growth, Regulatory Relief, and Consumer Protection Act” (the Act) was passed on May 24, 2018. The Act includes important updates to the Fair Credit Reporting Act (FCRA) that may in turn affect the information that businesses provide to customers or clients in response to a data breach or similar security incident.
Continue Reading Federal Legislation Enables Consumers to Obtain Security Freezes on Credit Reports Free of Charge