S. 4916, known as the “Credit Freeze for Newborns Act,” aims to amend the Fair Credit Reporting Act. It allows the representatives of young consumers, specifically those under 16, to request a security freeze on their behalf with consumer reporting agencies, ensuring...
Simple Explanation
The "Credit Freeze for Newborns Act" is like a superpower shield that grown-ups can put on kids' credit, stopping bad guys from using their information to do naughty stuff. It's like telling kids, "Don't worry, some grown-ups will keep your secret codes safe!"