Georgia Law Could Prevent Identity Theft


ATLANTA (AP) Georgia residents soon will be allowed to freeze
their credit reports to thwart identity theft under a bill signed
into law today after three years of failed attempts by Georgia
lawmakers.
The measure, signed into law by Governor Perdue, caps the fees
that the three major credit reporting agencies can charge to place
a credit freeze at $3. It takes effect August 1st and allows
residents older than 65 to get the freezes for free.
Consumer advocates say this type of freeze, which bars credit
reporting agencies from releasing information without written
permission, is the most effective tool to stop new account fraud.
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