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