BACKGROUND: Assemblymember Jacqui Irwin (D-Thousand Oaks) will hold a press conference in Sacramento with California Attorney General Xavier Becerra to discuss the results thus far of implementing AB 1580. The new law now allows parents, legal guardians or conservators to freeze the credit of children and incapacitated adults. The Attorney General’s office will deliver a consumer guide to show parents and guardians, step-by-step, on how the law helps protect their loved ones credit.
A recent Carnegie Mellon study indicated that children are 50 times more likely than adults to have their identities stolen. Previously, parents would have to go through a rigorous process to freeze their children’s credit report, and most of the time it was only after the child’s credit had already been stolen. This process included a 60-90 day wait period, provision of notarized identification documents to credit bureaus, and a confirmation notice. This new law allows for the process to be significantly shortened, and provides a proven and sensible solution to this important issue.
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Who: Assemblymember Jacqui Irwin and California Attorney General Xavier Becerra. What: A press conference releasing a consumer guide designed to help parents and guardians through the process of freezing credit accounts. Where: Land Park Playground, Corner of W Land Park Dr. and 13th Ave When: Monday, August 28 from 10 a.m. – 11 a.m. |
The event is free and open to the public and members of the media; for questions please call (805) 482-1904.