Bill description: SB 1265 would require consumer reporting agencies to offer one free freeze of a credit report and one free lift of a freeze for consumers during a 12 month period.

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Does it give government any new, additional, or expanded power to prohibit, restrict, or regulate activities in the free market? Conversely, does it eliminate or reduce government intervention in the market? 


If an individual is concerned about fraud under their name or with their credit report, they can request consumer reporting agencies to freeze their report. This limits access to the report for those who would otherwise pull a copy of the report. Currently, when consumers ask a consumer reporting agency to freeze their reports, the agency can charge up to a $6 fee.

SB 1265 would prohibit a reporting agency from charging any fee to a consumer for the first freeze of a credit report within a 12 month period. The same fee prohibition would apply to lifting the freeze. Both prohibitions would keep private companies from charging customers for the services that the business offers.

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