FACTA Compliance & the Disposal of Consumer Information

The Fair and Accurate Credit Transactions Act of 2003 ("FACTA") was adopted to ensure that all citizens are treated fairly when they apply for credit. This law will provide consumers, companies, consumer reporting agencies, and regulators with important new tools that expand access to credit and other financial services for all Americans, enhance the accuracy of consumers' financial information, and help fight identity theft. These reforms make permanent the uniform national standards of our credit markets, and institute new, strong consumer protections.

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