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FACTA

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
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FACTAFair and Accurate Credit Transactions Act of 2003


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FACTA was designed specifically to reduce the growing risks of credit, idenity, and consumer fraud, by requiring businesses to properly destroy confidential information upon discarding it.
The ABA argued that the FTC was overreaching in its interpretation of FACTA and that application of the Red Flags Rule to attorneys based upon their billing practices was unreasonable.
FACTA Fair and Accurate Credit Transactions Act of 2003
 
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