AG Schimel, 37 colleagues urge credit bureaus to ban charges on credit freezes
MADISON, Wis. — After the recent data breach at credit bureau Equifax, Wisconsin Attorney General Brad Schimel joined 37 other state attorneys general to urge credit reporting bureaus to not charge fees to freeze accounts, according to a press release from Schimel’s office.
According to the release, the attorneys general sent a joint letter to various consumer reporting agencies, asking them to stop charging for credit freezes and to temporarily halt some freezes after 145 million Equifax accounts were compromised in September.
As of now, CRAs offer what is called a credit lock, which can incur a monthly fee. However, credit locks do not prevent the bureaus from sharing the customer’s information with third parties.
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