QuestionQ27

Federal Privacy Laws

Which consumer-protection measure did the Fair and Accurate Credit Transactions Act (FACTA) require?

  • A The ability for the consumer to correct inaccurate credit report information
  • B The truncation of account numbers on credit card receipts
  • C The right to request removal from e-mail lists
  • D Consumer notice when third-party data is used to make an adverse decision
Explanation

FACTA requires merchants to truncate the account number on electronically printed credit or debit card receipts provided to cardholders, limiting exposure of full payment-card numbers and helping prevent identity theft.

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