Thursday, November 26, 2020

Tag: “Credit Freezes” & “Unfreezes” Will Be Free for All Americans

As of Sep 21, “Credit Freezes” & “Unfreezes” Will Be Free for All Americans

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by Wolf Richter, Wolf Street:

After the uproar about the Equifax hack, Congress did do something. And credit freezes are now a lot easier to place and lift.

Starting September 21, 2018, placing or lifting a “credit freeze” – aka “security freeze” – will be free for all Americans in all states. In response to the Equifax-hack uproar and the grassroots movement it triggered, after the personal data of nearly half of all adult Americans had been stolen, Congress passed a bill in May that contained a provision about credit freezes. This provision becomes effective in three days.