many states are taking important steps to protect their residents. Among these steps are stiffer penalties, imposing sanctions and fines on careless companies and providing their residents with many tools necessary to correct the errors that identity theft has caused, both to their credit, medical or even in some cases criminal records. . .
The Closed Account Notification System, or CANS, was adopted by the Texas Department of Banking. This system is believed to be the first of its kind in any state. It is the fruit of the labors of Representative Helen Giddings (Dallas) who authored Texas House Bill 2002. When an identity theft occurs, every transaction adds to the burden of the victim. Each fraudulent check passed is another nightmare for the victim to catch and clear up. This new law will help consumers to stop identity thieves sooner. This will not only relieve headaches of identity theft victims but will also stop the cycle of future crimes.