Opinion

End fees to freeze credit reporting

Posted September 19, 2017 12:01 am

I, as every citizen should be, am very concerned about the recent disclosure of the catastrophic security breach at Equifax. Although we do not know where accountability (and lawsuits) will ultimately go, I believe there is one area where the state government should immediately take action.

Currently Equifax and the other bureaus charge a $10 fee for freezing and unfreezing credit reporting. With three credit bureaus and a married couple, not even considering children, that is $60 to freeze or unfreeze credit each time.

Currently states such as Indiana and Maine apparently do not allow the bureaus to charge anything, based on information on the bureaus' websites. That should clearly be the case in Illinois, and should be enacted by the state government now, given the situation created by Equifax.

Walter Grom

Sleepy Hollow

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