Québec Solidaire finance critic Vincent Marissal thinks regulating credit bureaus is a step in the right direction.īut he says financial institutions, whether public or private, must also be held accountable if they have sub-standard data protection. Opposition wants steep fines for lax data security While American customers are able to pay for this service, in Canada credit bureaus only offer credit monitoring.Ī CBC Marketplace investigation found credit monitoring does little to protect consumers as consumers are often not immediately notified about suspicious activity. Please note that this Security Freeze only applies to your FactorTrust credit report and is not shared with the three national credit reporting agencies (TransUnion, Equifax, Experian). Transunion credit freeze free#No new loans and credit cards could be created in their name. It’s absolutely free to freeze and unfreeze your FactorTrust credit report, and it won’t affect your credit score. This would stop third parties from viewing their file. Girard said his bill will go further than legislation in place in other provinces by compelling the credit bureaus to allow consumers to freeze their credit file.ĭesjardins President and CEO Guy Cormier, right, and Senior Executive Vice-President and Chief Operating Officer Denis Berthiaume announcing that data from 2.7 million clients had been shared with a third-party. He said his bill, which he intends to table when the legislature resumes this fall, would set standards that credit bureaus, namely Equifax and Transunion, would have to comply with in order to operate in the province. "It's in interest to offer the best services to Quebecers," said Girard. Girard says he wants Quebecers to have access to the best protection offered by the credit industry as the risk of identity theft grows with each data breach. In June, Desjardins Group revealed the personal data - including social insurance numbers (SINs) - of roughly 2.7 million people was shared with a third party by an employee.Īt the end of July, the credit card company Capital One said data belonging to 6 million Canadians, including 1 million SINs, was obtained by a hacker.Īnd then this month, Revenue Québec said the data of some 23,000 employees and contractors was transferred outside of the organization. Transunion credit freeze series#It comes following a series of high-profile data breaches this summer. If you think someone stole your identity, visit the FTC’s website,, to get a personalized recovery plan that walks you through the steps to. Minister Eric Girard announced his plan to regulate credit bureaus on Wednesday. If you think a credit reporting agency is not placing a credit freeze or fraud alert properly, you can submit a complaint online or by calling 85. Quebec's finance minister wants consumers to be able to freeze their credit files, a service currently unavailable to Canadians.
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