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Passage of House Bill Undermines State Credit Freeze Laws

U.S. Newswire: “The House Financial Services Committee voted today to repeal strict state notification and credit freeze laws that have helped to protect consumers from identity theft and financial fraud. These laws provide essential protections that allow consumers to prevent identity thieves from opening credit accounts in their names and require companies to inform consumers when their personal data — such as their Social Security and credit card numbers — have become compromised.”

  • H.R. 3997 – To amend the Fair Credit Reporting Act to provide for secure financial data, and for other purposes.
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