TBA Law Blog

Posted by: Barry Kolar on Dec 10, 2018

Tennessee Attorney General Herbert H. Slatery III today joined officials from 43 states in urging the Social Security Administration (SSA) to promptly comply with a new provision of federal law that aims to address “synthetic identity fraud.” The law directs the SSA to develop a database to more quickly facilitate the verification of a consumer’s information when requested by certified financial institutions. "Our residents lose thousands of dollars a year and suffer from ruined credit scores, as well as a general sense of anxiety regarding their identity" from data breaches, the attorneys general wrote in their letter to Acting Commissioner Nancy A. Berryhill.