FTC Seeks Comment on Proposed Rule Implementing Law Providing Free Credit Monitoring for Active Duty Military Consumers, Project No. R811007
We are two students in a university course on regulation. We are commenting on the proposed Military Credit Monitoring regulation. Our comment focuses on paragraph (h) of the proposed regulation. We find that part three of the definition of significant changes to a consumers file is inadequate in covering all significant changes. Part three currently reads (3) changes to a consumer's name, address, or phone number; We believe this is inadequate because email should be added to the list of changes. Since most credit card companies are utilizing email as the primary notification method, as cited within this regulation: Currently, the nationwide consumer reporting agencies typically send customers of their commercial credit monitoring services an email alerting them that changes have been made to their files, we believe that a change in email warrants a notification. The revised part three of the regulation would read (3) changes to a consumer's name, address, email address, or phone number; .