FACTA: Merchants Must Protect Certain Consumer Information

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FACTA: Merchants Must Protect Certain Consumer Information

Postby Administrator » Sun Oct 02, 2005 7:19 pm

Businesses must protect certain consumer information.

FACTA adds two provisions that seek to protect key consumer information. Section 605 will require merchants to truncate credit and debit card numbers on electronically printed receipts (though with delayed and staggered effective dates). Section 609 will now allow consumers requesting a report to order the agency to withhold the last 5 digits of the consumer’s social security number on the report. In addition, forthcoming regulations are to require users to dispose of the consumer information they acquire through consumer reports.

Return to “FCRA Statute And Amendments: 15 U.S.C. 1681, et. seq.”

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