Fair and Accurate Credit Transactions Act of 2003 (identity theft, disposal, truncation, affiliate marketing provisions)

FACTA
active

FACTA amended the FCRA to fight identity theft. It requires card receipt truncation, fraud alerts, written identity theft prevention programs for creditors (Red Flags Rule), secure disposal of consumer report information, and an opt-out before affiliates use shared data for marketing.

Jurisdiction

United States

Jurisdiction Type

federal

Country

United States

Effective Date

12/4/2003

Enforcing Authority

FTC, CFPB, and federal banking agencies (by entity type)

Fines Under This Regulation

0

Total Fine Amount (USD)

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