Which law allows a consumer who has had her credit card used by an identity thief to place a freeze on her credit report?

The correct answer is the law that addresses consumer rights in relation to identity theft and credit reporting, which is the Fair and Accurate Credit Transactions Act, commonly abbreviated as FACTA. This legislation enhances the ability of consumers to protect themselves against identity theft by allowing them the right to place a freeze on their credit report.

When a consumer suspects that their credit card information has been compromised, FACTA provides the framework for preventing unauthorized access to their credit report, effectively making it more difficult for identity thieves to open new accounts in the victim’s name. This consumer protection measure is significant because it empowers individuals to take proactive steps to safeguard their financial information and maintain their credit integrity.

The other laws listed do not specifically grant the same rights related to credit freezes in terms of identity theft protection. The CRA (Credit Reporting Act) generally pertains to the accuracy and integrity of credit reporting, while the ECOA (Equal Credit Opportunity Act) focuses on preventing discrimination in credit transactions. The SAFE Act (Secure and Fair Enforcement for Mortgage Licensing Act) primarily regulates mortgage licensing and does not address issues related to identity theft or credit report freezing. Thus, FACTA is the relevant law that directly addresses the concerns of identity theft and the measures available to consumers.