A new federal law, the Economic Growth, Regulatory Relief, and Consumer Protection Act, is taking effect on September 21, 2018 – where consumers will no longer be required to pay when freezing and unfreezing their credit or their child’s credit. In addition, a fraud alert will be expanded from 90 days to a year, with the option to extend for up to seven years.
The Federal Trade Commission’s blog states that, “When the law takes effect in September, Equifax, Experian and TransUnion must each set up a webpage for requesting fraud alerts and credit freezes. The FTC will also post links to those webpages on IdentityTheft.gov.”
For more information: https://www.consumer.ftc.gov/blog/2018/06/free-credit-freezes-are-coming-soon-0