Middletown Transcript: Carper, Coons urge FTC to protect servicemembers from identity theft
Sens. Tom Carper and Chris Coons sent a letter to Federal Trade Commission Chairman Joseph Simons urging the protection of active duty military consumers by implementing free credit monitoring through the Economic Growth, Regulatory Relief and Consumer Protection Act.
The bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act provides regulatory relief for community banks and credit unions that are significant sources of capital in rural and underserved communities, helping businesses start and grow, enabling farmers to get loans and helping families achieve homeownership. The bill also continues to hold Wall Street banks accountable by reining in predatory and reckless behavior. A provision included in the legislation, authored by Carper and Coons, requires credit reporting agencies to offer their electronic monitoring services to all active duty service members free of charge.