Detailed Summary

Identity Theft Protection Act of 2007 - Amends the Fair Credit Reporting Act to authorize a consumer to request a consumer reporting agency to place a security freeze upon his or her consumer report.

Prohibits a consumer reporting agency, if a security freeze is in place, from releasing a consumer report to a third party without prior express authorization from the consumer.

Prescribes procedures for removal and temporary suspension of a security freeze.

Requires a consumer reporting agency to notify the consumer in writing before removing the security freeze.

Identifies specified entities, including governmental agencies, to which these prohibitions and requirements do not apply.

Permits a consumer reporting agency to charge a fee for placing or temporarily suspending a security freeze on a consumer report.

Prohibits a consumer reporting agency from charging a fee for placing, removing, or temporarily suspending a security freeze if a consumer: (1) has either filed a police report, or made a complaint to a police department concerning identity theft; or (2) has received notice that a breach of data security has occurred with respect to information required by law to be maintained securely and in confidence.

Exempts specified entities from this Act, including certain aggregators and other agencies acting only as resellers of credit information which do not maintain a permanent data base of consumer information from which new consumer reports are produced.

Status of the Legislation

Latest Major Action: 12/10/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Points in Favor

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Points Against

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