What is Fair and Accurate Credit Transactions Act (FACTA)

The Fair and Accurate Credit Transaction Act (FACTA) is a federal law enacted in 2003 to help protect consumers from identity theft. The law requires financial institutions, including banks and credit bureaus, to properly dispose of sensitive consumer information and implement reasonable safeguards to protect that information from unauthorized access.

At Atlantic Shredding, we understand the importance of FACTA compliance and offer secure and compliant paper shredding services for financial institutions and other organizations. Our shredding process meets the FACTA regulations for disposal of sensitive consumer information, providing peace of mind for both the organization and its customers.

FACTA requires financial institutions to properly dispose of consumer information contained in financial records, such as bank statements, credit reports, and credit applications. This helps prevent identity theft and protect consumer privacy. To meet FACTA requirements, organizations must take reasonable steps to protect sensitive information from unauthorized access, such as physical destruction of the information.

In addition to FACTA compliance, Atlantic Shredding also adheres to strict industry standards and regulations, including HIPAA and FACTA Red Flag Rules, to ensure the safe and secure destruction of sensitive information. Our state-of-the-art shredding equipment and secure chain of custody process guarantees that your information will be securely destroyed, protecting both your organization and your customers.

If you’re in need of secure and compliant paper shredding services, look no further than Atlantic Shredding. Contact us today to learn more about our FACTA-compliant services and to schedule a shredding appointment.

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