Amendment to security freezes for consumer reports

(a) In general Section 605A(i) of the Fair Credit Reporting Act (15 U.S.C. 1681c–1(i)) is amended— (1) by amending the subsection heading to read as follows Security freezes for consumer reports; (2) in paragraph (3)(E), by striking Upon receiving and all that follows through subparagraph (C), and inserting Upon receiving a direct request from a consumer for a temporary removal of a security freeze, a consumer reporting agency shall; and (3) by adding at the end the following: (7) Relation to State law This subsection does not modify or supersede the laws of any State relating to security freezes or other similar actions, except to the extent those laws are inconsistent with any provision of this title, and then only to the extent of the inconsistency. For purposes of this subsection, a term or provision of a State law is not inconsistent with the provisions of this subsection if the term or provision affords greater protection to the consumer than the protection provided under this subsection as determined by the Bureau.. (b) Amendment to web page requirements Section 605A(i)(6)(A) of the Fair Credit Reporting Act (15 U.S.C. 1681c–1(i)(6)(A)) is amended— (1) in clause (ii), by striking initial fraud alert and inserting 1-year fraud alert; (2) in clause (iii), by striking extended fraud alert and inserting 7-year fraud alert; and (3) in clause (iv), by striking fraud. (c) Amendment to exceptions for certain persons Section 605A(i)(4)(A) of the Fair Credit Reporting Act (15 U.S.C. 1681c–1(i)(4)(A)) is amended to read as follows: (A) A person, or the person’s subsidiary, affiliate, agent, subcontractor, or assignee with whom the consumer has, or prior to assignment had, an authorized account, contract, or debtor-creditor relationship for the purposes of reviewing the active account or collecting the financial obligation owed on the account, contract, or debt.. (d) Effective date The amendments made by subsection (a) shall take effect on the date of the enactment of this Act.