California Bill Would Guarantee Free Credit Freezes in 15 Minutes

[SouthJamaica]

https://www.eff.org/deeplinks/2018/04/california-bill-would-guarantee-free-credit-freezes-15-minutes

[SOGGIE]

IMO, California is very pro consumer rights. Better than many other states.

[marty56]

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@SOGGIE wrote:
IMO, California is very pro consumer rights. Better than many other states.

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LOL and spending other people's money.

I'm not sure how they could force an out of state company to do something for free that others get charged for.  Seems that this would be a federal issue.

[SOGGIE]

The State regulates goods/services for its residents (consumers).

[Anonymous]

What could happen is that the CRAs stop doing business in that state, forcing potential lenders to either find another reporting source or take blind risks. Just like states can place conditions on any business who wants to do business with its residents, each business can opt out. I think in the long run this is not beneficial for the consumers who will suffer because lenders don’t want to take blind risks.