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FACTA

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


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Companies now have to contend with a host of government regulations including Sarbanes-Oxley, Graham-Leach-Bliley, HIPAA and FACTA.
Issued this past January, FACTA broadly covers any individual's paper, electronic, or other form of personal or credit record.
Also under FACTA, a consumer can dispute inaccurate information directly with the creditor, in which case the creditor can't report any more negative information about the consumer until it investigates the dispute.
 
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