Bill Introduced to End Use of Social Security Numbers

Credit to John Councilman – National Association of Mortgage Brokers

Rep. Patrick McHenry (R-N.C.) introduced new credit bureau cybersecurity legislation on Thursday that would ban the use of Social Security numbers as a personal identifier at Equifax and other credit agencies.  The Promoting Responsible Oversight of Transactions and Examinations of Credit Technology – or PROTECT – Act (H.R. 4028)would create a national framework for freezing accounts and standards for cybersecurity and on-site inspections.