Elizabeth Warren

Sen. Elizabeth Warren slams Equifax and introduces bill to ban fees for freezing credit

Sen. Elizabeth Warren slams Equifax and introduces bill to ban fees for freezing credit

Sen. Elizabeth Warren (D-Mass.) and a dozen other Democrats introduced a bill Friday that seeks to end a major frustration for consumers who have sought to protect themselves from the Equifax data breach.

The legislation, the Freedom from Equifax Exploitation Act, would force credit reporting firms such as Equifax, Experian and TransUnion to let people freeze and unfreeze their credit for free, banning fees that are currently charged.

Depending on where a person lives, those fees range from $5 to $10 per request per credit reporting firm. Ending the fees could save millions of Americans from having to pay to protect their own personal data in the aftermath of the data breach...

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