Latest Compliance - FACTA Topics

FACTA creates a consumer bill of rights with respect to identity theft. As with most federal concepts, the consumer rights begin with a notice that explains the rights.

FACTA requires credit bureaus to act when a consumer alleges identity theft.

One of the studies authorized by FACTA is a study of the use of biometrics to reduce identity theft.

Congress has taken decisive action on the Fair Credit Reporting Act.

It is old news that HUD wants to make major changes to the real estate settlement process.

Another provision of FACTA, Section 115, allows consumers to request that the credit bureau not disclose their complete social security number.

Over the past decade, there has been much discussion about credit scores, what they mean and how they are used.

No matter how you feel about FACTA, it is clearly going to be the source of more regulatory burden. This is one of the more complicated laws to come down in recent years.

One of the studies authorized by FACTA is a study of the use of biometrics to reduce identity theft.

The Consumer Advisory Council advises the Federal Reserve Board on issues of concern to consumers. As the CAC completed its last meeting of 2003, it identified issues for consideration in 2004.