Senate committee passes bill to ban credit freeze fees - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Senate committee passes bill to ban credit freeze fees

Posted: Updated:

OLYMPIA, WA – A bill passed today by the Senate Financial Institutions & Insurance Committee would eliminate the fees that credit bureaus charge customers who want to freeze their credit reports to protect their personal information.

Sen. Mark Mullet, D-Issaquah, the committee’s chair, sponsored Senate Bill 6018 in response to the major Equifax database hack last summer that exposed the private information of more than 143 million Americans.

“This bill is an important, bipartisan consumer protection measure that I’m hoping will pass out of the Senate very soon,” Mullet said. “Washington residents can’t afford a delay and need this problem solved.”

Following the Equifax hack, consumer watchdogs recommended that customers request a “credit freeze” from credit reporting agencies to ensure that the stolen information could not be exploited. A freeze blocks access to a credit report, which makes it more difficult for identity thieves to open new accounts using stolen data.

Credit reporting agencies charge Washington residents $10 to temporarily freeze their credit reports. But a consumer who needs to unfreeze the account to generate the credit report necessary to buy a car, take out a mortgage or open a bank account must pay the fee again to each agency, meaning that those who freeze and unfreeze reports with all three major agencies actually face some $60 in fees.

“Consumers whose sensitive financial data has been exposed through no fault of their own should not have to pay to protect their credit rating,” Mullet said. “These high-profile, cyber security threats have created a lot of fear, but I’m confident that my bill will make it easier for people to protect themselves and their identities without financial penalties.”

Mullet noted that the bill is one of his top priorities for the 2018 legislative session, which began this week, and he said that he plans to continue pushing for it to be passed and signed into law quickly.

HD DOPPLER 6i
/
  • Tri-CitiesTri-Cities NewsMore>>

  • Southwest cancels flights for inspections

    Southwest cancels flights for inspections

    Monday, April 23 2018 12:02 AM EDT2018-04-23 04:02:56 GMT

    NBC NEWS-  If you're flying southwest Monday, you might want to check your flight status. The airline canceled 40 flights Sunday so crews could conduct "accelerated" fan-blade inspections. A passenger was killed last week when an engine failed and broke apart shattering a window on a flight from New York to Dallas.  Southwest Airlines released a statement saying the cancellations "only make up one percent of southwest's nearly 4,000 flights." Flightaw...

    More >>

    NBC NEWS-  If you're flying southwest Monday, you might want to check your flight status. The airline canceled 40 flights Sunday so crews could conduct "accelerated" fan-blade inspections. A passenger was killed last week when an engine failed and broke apart shattering a window on a flight from New York to Dallas.  Southwest Airlines released a statement saying the cancellations "only make up one percent of southwest's nearly 4,000 flights." Flightaw...

    More >>
  • Crews search for missing swimmer at Palouse Falls State Park

    Crews search for missing swimmer at Palouse Falls State Park

    Sunday, April 22 2018 9:51 PM EDT2018-04-23 01:51:30 GMT

    FRANKLIN COUNTY- A man is still missing after swimming in the Palouse Falls Saturday.  Franklin County Sheriff's Deputies said the call came in around 5:30 p.m. about a possible drowning. Three men in their early 20s had been swimming in the pool of water below the falls. The strong current swept the three men underwater, and only two resurfaced. Park Rangers, Franklin County She Riff's Office, Pasco Fire, Life Flight, and Columbia Basin Dive Rescue all responded.  Richlan...

    More >>

    FRANKLIN COUNTY- A man is still missing after swimming in the Palouse Falls Saturday.  Franklin County Sheriff's Deputies said the call came in around 5:30 p.m. about a possible drowning. Three men in their early 20s had been swimming in the pool of water below the falls. The strong current swept the three men underwater, and only two resurfaced. Park Rangers, Franklin County She Riff's Office, Pasco Fire, Life Flight, and Columbia Basin Dive Rescue all responded.  Richlan...

    More >>
  • Reporting Sexual Assault in Hermiston

    Reporting Sexual Assault in Hermiston

    Sunday, April 22 2018 9:14 PM EDT2018-04-23 01:14:47 GMT
    It's a sad reality, but many sexual assault cases go UN-reported across our nation each year. Officers and nurses in Hermiston have a message for all victims of sexual assault- they are there to help. Randy Studebaker is the supervisor for all sexual assault cases in Hermiston. Studebaker says sometimes reports come in "days, weeks and even years later." Reporting cases too late is something Lieutenant Studebaker is hoping to change. "I would like to DE-mysti...More >>
    It's a sad reality, but many sexual assault cases go UN-reported across our nation each year. Officers and nurses in Hermiston have a message for all victims of sexual assault- they are there to help. Randy Studebaker is the supervisor for all sexual assault cases in Hermiston. Studebaker says sometimes reports come in "days, weeks and even years later." Reporting cases too late is something Lieutenant Studebaker is hoping to change. "I would like to DE-mysti...More >>