Credit Report Weblog

Freezing consumer’s credit reports to curtail raising identity thefts, Wisconsin introduced a bill proposing penalties for stealing mails and limitation on collection of consumer social security numbers. The bill aims to avoid information sharing by credit reporting agencies with third parties without consumer’s request. Another bill speaks of consumers being modified within thirty days about stolen information. Failing which erring firms can face lawsuits. Heavy fine is also proposed on deceptive Spam E-mails used to steal customer identity. Major hurdle is that identity thieves operate form outside America making credit report enforcement difficult.