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
TransUnion
Privacy Tip #138 – Another Credit Freeze to Consider
By Linn Foster Freedman on
Posted in Privacy Tips
Just when I thought I had frozen all of my credit, and was doing everything I can to protect myself from identity theft and fraud, I find out today about another one from KrebsOnSecurity.
I am pretty knowledgeable on the subject matter of credit freezes, and have been an advocate of placing a credit freeze…
AICPA Survey Shows U.S. Adults Worried About Identity Theft and Financial Fraud and Concerned Businesses Can’t Protect Their Data
By Linn Foster Freedman on
Posted in Cybersecurity
A new Harris Poll for the American Institute of CPAs (AICPA), which called 1,006 U.S. adults for the report, shows interesting statistics regarding American adults’ attitudes and fears about identity theft and financial loss as a result of cyber intrusions. The poll’s conclusion is that 48 percent of U.S. adults believe that identity theft will…
Privacy Tip #21 – It’s a new year—time to get a free copy of your credit report
By Linn Foster Freedman on
Posted in Privacy Tips
I am fortunate to teach the Privacy Law class at Roger Williams University School of Law on Tuesday afternoons. Today, we discussed all of the laws relating to the financial services industry. OK, not the most exciting content, but it included the Fair and Accurate Credit Transaction Act (FACTA).
Enacted in 2008, FACTA allows individuals…