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[Dataloss] Opening the Door on the Credit Report and Throwing Away the Lock
From: lyger (lygerattrition.org)
Date: Mon Mar 20 2006 - 08:24:07 CST
Opening the Door on the Credit Report and Throwing Away the Lock
By DAMON DARLIN
The New York Times
March 18, 2006
In a dozen states, legislatures have set up procedures for residents
afraid of identity theft to lock and unlock their credit reports.
But credit-reporting agencies are pushing Congress to override the
state laws, which could make it harder for Americans to keep their
credit information under wraps.
Lobbyists for the big agencies - Equifax, Experian and TransUnion,
owned by the Marmon Group - are seeking to add an amendment to the
Financial Data Protection Act, a bill being rewritten by the House of
Representatives. (A similar bill, S1408, is working its way through
the Senate.) While the wording has not been set for the bill, also
known as HR3997, lobbyists for the credit agencies are pushing for a
law that limits the ability to lock credit reports to victims of
identity theft. Moreover, the reports could be unlocked with five
days' advance notice.
Once a report is locked, an agency cannot release any of its details.
Consumer groups are upset that a federal law might supersede what has
been done at the state level.
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