Legislation halts $10 credit freeze fee

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MICHIGAN — Michigan Attorney General Bill Schuette today praised the Michigan House and Senate for passing legislation that amends the Security Freeze Act to prohibit a consumer reporting agency from charging a fee for placing, temporarily lifting, or removing a security freeze on a consumer’s credit report.

Schuette worked with the legislature to get this bill passed following the 2017 Equifax security breach that left many Michiganians scrambling to freeze their credit, only to discover the associated fees.

Under current law, a consumer reporting agency is allowed to charge a fee of up to $10 to place, temporarily lift, or remove a credit report security freeze. The fee must be waived if the consumer has filed a police report alleging identity theft.

“No one should be charged a fee when their personal information is breached through no fault of their own, nor should they be charged for taking preventative measures to protect themselves from identity theft,” said Schuette. “I thank the legislature for moving this to the Governor’s desk for signature, and encourage the Governor to sign this legislation quickly.”

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