Fair and Accurate Credit Transaction Act of 2003

Legislation in the United States requiring the three major credit reporting agencies to disclose an individual's credit reports to that individual once per year for free. One may request a free report through a website or telephone number managed by the three agencies, Experian, Equifax, and TransUnion, in cooperation with the Federal Trade Commission. The Act contains provisions making identity theft more difficult. See also: Fair Credit Reporting Act.

References in periodicals archive

The Fair and Accurate Credit Transaction Act of 2003 (FACTA) (10) provides mechanisms through which consumers can combat true name fraud.

(30.) See Fair and Accurate Credit Transaction Act of 2003, 15 U.S.C.

Establishing appropriate liability under the Fair and Accurate Credit Transactions Act

The rule is a section of the Fair and Accurate Credit Transaction Act of 2003, a federal law that requires the establishment of guidelines for financial institutions and creditors regarding identity theft.

Red flags rule delayed again

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