Congress wouldn't even be debating this issue if it weren't for the outrage voiced by consumers over their compromised private information. Identity theft and the fraudulent use of your social security number can put your life in upheaval. Statistically, it takes approximately two years to straighten out the financial mess created by another person using your identity, opening accounts and running up charges in your name. Until you're able to clear your name and clean up your financial record, you can be denied credit, employment, and housing.
We CAN help put a stop to it. Please sign the Consumers Union petition at link in the OP.
After months of news about companies that have failed to keep sensitive information about consumers safe, Congress is finally beginning to look at enacting new laws to provide Americans with better identity theft safeguards.
But if lobbyists working for big financial companies and the data broker industry get their way, you may still be left in the dark if your sensitive information is stolen or lost by companies that maintain files about you.
In the face of intense industry lobbying, Congress may end up passing legislation that doesn’t provide you with the protection you need and prevents states from adopting stronger laws.
ACT NOW: Urge Congress to adopt a set of strong identity theft safeguards:
* Require all types of companies and government agencies to inform consumers when sensitive information about them has been lost, stolen or changed
* Impose tough security requirements on data brokers to protect the information they hold
* Give all consumers the right to put a security freeze on credit files
* Restrict the widespread collection, use, and sale of Social Security numbers
* Allow states to enact stronger safeguards