CA AB1581

Prohibits consumer credit reporting agencies from charging any fees for placing security freezes, removing freezes, temporarily lifting freezes for a period of time, or temporarily lifting freezes for specific parties on consumer credit reports.

Eliminates the previous $10 fee cap that was allowed for general consumers and the $5 fee cap for consumers age 65 and older.

Maintains the existing prohibition against charging fees to victims of identity theft who submit a valid police report or Department of Motor Vehicles investigative report alleging a violation of Penal Code Section 530.5.

Preserves all existing consumer protections and procedures related to security freezes, including the three-business-day placement requirement and requirements for personal identification numbers or passwords.