Identity Theft Protection

By Donald Loose

The Arizona Legislature recently enacted a bill to help Arizonans protect themselves from identity theft. The legislation, which Governor Ducey signed on April 3, 2018, prohibits credit reporting agencies from charging a fee every time someone wants to lock their credit to prevent anyone else from opening a new account or borrowing money in their name. Credit reporting agencies currently charge a fee for this service. The new law will take effect 91 days after the current legislative session ends, which probably will be in late April or early May. Last year, one of the nation’s largest credit reporting agencies suffered a major security breach which exposed sensitive information relating to more than 145 million people.