SPRINGFIELD – Consumer reporting agencies can no longer freeze the credit reports of people fighting identity theft.
Gov. Bruce Rauner on Friday signed House Bill 4095, sponsored by state Rep. Mike Halpin, D-Rock Island, that prohibits consumer reporting agencies from charging fees to people trying to prevent identity theft by freezing their credit reports is now law.
“In the wake of the Equifax data breach, consumers are looking for greater protections for their personal and financial information,” said Halpin.
“One of the best precautions to block thieves from opening new accounts in your name is to freeze your credit, which up until now could carry a fee,” he said. “Working families shouldn’t have to pay more when companies that make billions of dollars collecting our personal data can’t keep it safe.”
In May 2017, information from an estimated 5.4 million Illinois residents was compromised as a result of a breach at Equifax. Halpin’s bill passed the Illinois House and Senate with strong bipartisan majorities.