Requires entities that access a consumer's consumer credit report to notify such consumer of their right to obtain a security freeze, in addition to other information necessary to place, temporarily lift or permanently lift such security freeze; prohibits notices to consumers of their right to obtain a security freeze from containing advertising for paid services.
Summary
Bill S06446 amends the General Business Law in New York to require entities that access a consumer's credit report to inform the consumer of their right to obtain a security freeze. This includes providing necessary information on how to place, temporarily lift, or permanently lift the security freeze. Additionally, the bill prohibits any notices sent to consumers regarding their rights from including advertisements for paid services.
Impact
The bill enhances consumer protection by ensuring that individuals are adequately informed about their rights concerning credit reports and security freezes. It mandates that entities provide clear and direct information, thereby potentially reducing the risk of identity theft and unauthorized access to credit information. This change will affect credit reporting agencies and any businesses that access consumer credit reports, as they will need to comply with the new notification requirements.
Sentiment
The sentiment around Bill S06446 appears to be largely positive, as evidenced by the unanimous support in committee votes and a strong majority in the final Senate floor vote. The bill has been viewed as a necessary step to enhance consumer protections in the realm of credit reporting.
Contention
There were no notable points of contention reported during the discussions surrounding the bill. The unanimous support in committee and on the Senate floor suggests a consensus among lawmakers regarding the importance of consumer protection in credit reporting.
Same As
Requires entities that access a consumer's consumer credit report to notify such consumer of their right to obtain a security freeze, in addition to other information necessary to place, temporarily lift or permanently lift such security freeze; prohibits notices to consumers of their right to obtain a security freeze from containing advertising for paid services.
Requires entities that access a consumer's consumer credit report to notify such consumer of their right to obtain a security freeze, in addition to other information necessary to place, temporarily lift or permanently lift such security freeze; prohibits notices to consumers of their right to obtain a security freeze from containing advertising for paid services.
Relating to a restriction on total charges charged for extensions of consumer credit that a credit services organization obtains for a consumer or assists a consumer in obtaining.
Requires that consumer reporting agencies contact consumers when a request is made for their consumer reports; requires consumer reporting agencies to provide the consumer with information pertaining to the entity that requested the consumer report.
Enacts the New York privacy act to require companies to disclose their methods of de-identifying personal information, to place special safeguards around data sharing and to allow consumers to obtain the names of all entities with whom their information is shared.
Enacts the New York privacy act to require companies to disclose their methods of de-identifying personal information, to place special safeguards around data sharing and to allow consumers to obtain the names of all entities with whom their information is shared.
Relates to prohibiting consumer reporting agencies from requiring or requesting a copy of a consumer's social security card when furnishing consumer reports or investigative consumer reports to third parties.