Consumers Union, the advocacy division of Consumer Reports, writes to express its strong opposition to S. 2155, The Economic Growth, Regulatory Relief, and Consumer Protection Act. This bill would undermine important Dodd-Frank banking regulations designed to prevent another financial crisis and would expose home buyers to financial exploitation and predatory lending. In addition, while this bill would eliminate fees for security freezes, which Consumers Union has long fought for in the states, the security freeze section fails to include a number of important consumer protections, such as a provision for the consumer to temporarily “lift” the freeze in order to open credit. Moreover, it could preclude the states from making important improvements to expand protections against identity theft.