| Un-persuaded by federal legislators to go along with | | | | Residents. What the Nevada credit freeze means is |
| some form of federally mandated "universal credit | | | | that residents' confidential credit file information cannot |
| freeze right" after you identity has been stolen, | | | | be given out to any firm, and new credit cannot be |
| Nevada legislators are pushing back at identity theft | | | | issued unless and until the resident provides a written |
| and credit card fraud. | | | | authority to release the information on a 1-time basis to |
| What Nevada law makers can see is plain and simple. | | | | an identified enquiring firm. |
| Billions of dollars of identity fraud debts are created | | | | Criminals Blocked From Credit Applications Posing As |
| each year. Some of it takes the form of credit card | | | | You. In taking this step, which a likely 20% of Nevada's |
| fraud after cars or hand bags are stolen, or even US | | | | residents will do, no longer will criminals be able to |
| mail is intercepted by the more aggressive and | | | | phony-up a credit application, posing as you, then |
| entrepreneurial identity theft gangs. Almost 90% of | | | | receive a new card to be max-ed out on a spending |
| identity theft goes undetected and un-prosecuted due | | | | binge. Until the credit freeze law came into force, the |
| to the camouflage provided to the Bad Guys. | | | | situation was "open running room" for criminals and |
| Avoiding Other States' Mistakes. Nevada has not fallen | | | | essentially zero protection for consumers. The typical |
| in the trap like other states. Legislative stupidity knows | | | | conclusion on an identity theft and credit card fraud |
| no limits when law makers are uninformed or impulsive. | | | | scam was a resident in, say, Reno or Las Vegas |
| Take for instance states like Florida compelling real | | | | opening up her mail only to discover that in the |
| estate appraiser to publish the social security numbers | | | | previous month some new and unknown credit card |
| of clients. Or, how about California's version of "privacy | | | | had been issued "in their name"...thousands of dollars of |
| protection" uncovered to be actually the selling of | | | | gear had been purchased...and now she was holding |
| millions of Californians' birth records to private online | | | | the bill....her credit standing ruined...and now was even |
| direct marketing firms for fees. Paid to Californians? | | | | responsible for a portion of the purchases. |
| Heck no. Instead, State coffers get the rental fees. | | | | "Whaaaa....@*&%" is only part of the typical |
| Meanwhile citizens are placed in a vulnerable position | | | | response once someone realizes what's happened. |
| with key personal data hanging-out in unregulated | | | | Who Opposes The Nevada Credit Freeze Law? |
| unsupervised areas. | | | | Criminals naturally want a stupid, poorly monitored |
| How Nevada's Credit Freeze Law Protects Residents. | | | | easy-to-break-in system, so if they had a vote, they'd |
| Nevada residents don't need a PhD degree to | | | | vote "no" to any electronic obstacle. However, the |
| understand their risks after reading recent accounts | | | | next level of "legitimate business" opposition to credit |
| where over 40 million MasterCard and Visa card | | | | freeze comes from the credit bureaus and many of |
| holder records were accessed by unauthorized | | | | their customers, which include banks, insurers, |
| persons. Or how about the recent case where a high | | | | employers, department stores, hardware and big box |
| level Washington DC Department of Defense casually | | | | retailers, even some sporting goods stores. |
| removed vital personal records for millions of vets? | | | | What's going on? Answer is imbedded in the money |
| These sort of "system break downs" are only the | | | | trail. Each of the more than 150 million individual credit |
| public tip of the iceberg to the underlying problem. | | | | history records is a form of intellectual property for the |
| Estimates vary but realistically over 30 million | | | | credit bureau. They "sell" consumers' file information to |
| Americans have been hit by identity theft in some | | | | major credit card issuers. Both business groups have |
| form since 2000. | | | | an interest to control files. Neither group wants |
| Nevada's credit freeze law basically says "no more"... | | | | consumers to be able to control the file records. This |
| no mas! Residents can provide a written notice to the | | | | would be like some peon dictating the timing and size |
| Big Three credit bureaus...Equifax, TransUnion and | | | | of the credit bureaus' revenue, which is unpalatable. |
| Experian...with Nevada State backing and receive a | | | | Similarly, credit card issuers oppose any restriction to |
| 100% guaranteed lock-down of individual credit history | | | | free-and-easy credit...since credit ease is the same |
| records. | | | | thing as an inducement to buy gear. |
| What The Nevada Credit Freeze Means To | | | | |