Bill would provide consumers with free credit reports

Posted: Wednesday, April 23, 2003

JUNEAU (AP) -- Consumers could get free credit reports under a bill that passed the Senate on Tuesday.

The bill's sponsor, Sen. Hollis French, D-Anchorage, said if consumers can easily keep tabs on their credit reports, they may catch identity theft early.

Senate Bill 64 would require credit reporting agencies to provide one free credit report a year to consumers. French has said it cost him about $30 to check his own credit report with three national reporting agencies.

The measure passed the Senate unanimously and now goes to the House, where a similar bill is in the House Rules Committee.

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