The Georgia Senate today approved a measure intended to strengthen the state's consumer credit protection laws. The measure passed by the Senate modifies a similar bill approved by House members earlier this month. Under both proposals, consumers could freeze or lock access to their credit report. However, the Senate version eliminates the $3 fee agencies could charge for doing so. Republican Skip Rogers is one of the bills sponsors. His proposal would link the fee to the real cost of processing a freeze request.
"It appears when we start to do these bills dealing with credit freeze, we try to outdo the last state who did it. There are some states that have it at 5. Now there's a state coming up with this idea of $3. And $3 may be the number, but we don't know that's the number because it seems to be just arbitrary number chosen to make sure that we're doing better than the last state."Rogers' proposal also calls for eliminating the $3 freeze fee altogether for those over age 65.
