Bureaus Are Fighting Credit Freezes |
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Written by Scott Cosby
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Tuesday, 03 July 2007 |
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The Consumer Data Industry Association (CDIA) is fighting credit freezes harder than ever, arguing that freezes are an expensive burden for credit bureaus.
The CDIA represents the interests of the Big Three credit bureaus: Experian, Equifax and TransUnion. The organization has spent $1.4 million on federal lobbying in 2006 to fight credit freeze laws.
As identity theft continues to grow, credit freeze laws are critical. According to credit consultants and fraud investigators, the best protection against new-account fraud is a credit freeze.
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