Why Us

The Fair and Accurate Credit Transactions Act of 2003 (abbreviated FACT Act or FACTA, Pub.L. 108–159) is a United States federal law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to the Fair Credit Reporting Act.

It that was added, primarily, to protect consumers from identity theft. The Act stipulates requirements for information privacy, accuracy and disposal and limits the ways consumer information can be shared.

https://www.ftc.gov/enforcement/statutes/fair-accurate-credit-transactions-act-2003

What is the Fair Credit Billing Act – FCBA. A federal law designed to protect consumers from unfair credit billing practices. The Fair Credit Billing Act (FCBA) provides guidelines for both consumers and creditors including procedures to manage disputes regarding billing statements.

https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-credit-billing-act

The Gramm-Leach-Bliley Act (GLB Act or GLBA), also known as the Financial Modernization Act of 1999, is a federal law enacted in the United States to control the ways that financial institutions deal with the private information of individuals.

https://www.ftc.gov/tips-advice/business-center/privacy-and-security/gramm-leach-bliley-act

The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.

https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text

The Truth in Lending Act (TILA) of 1968 is United States federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.

https://www.consumerfinance.gov/askcfpb/180/what-is-a-truth-in-lending-disclosure.html

The Service Members Civil Relief Act (SCRA), formerly known as the Soldiers’ and Sailors’ Civil Relief Act (SSCRA), is a federal law that provides protections for military members as they enter active duty.

https://www.justice.gov/crt-military/file/797396/download

Title III of the Consumer Credit Protection Act (CCPA) protects employees from discharge by their employers because their wages have been garnished for any one debt, and it limits the amount of an employee’s earnings that may be garnished in any one week.

https://www.fdic.gov/regulations/laws/rules/6500-200.html

The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Equal Credit Opportunity Act (ECOA), which prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get public assistance.

https://www.consumer.ftc.gov/articles/0347-your-equal-credit-opportunity-rights

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) (Pub.L. 109–8, 119 Stat. 23, enacted April 20, 2005), is a legislative Act that made several significant changes to the United States Bankruptcy Code.

https://www.gpo.gov/fdsys/pkg/BILLS-109s256enr/pdf/BILLS-109s256enr.pdf

On May 22, President Barack Obama signed the Credit Card Accountability,Responsibility and Disclosure, or Credit CARD, Act of 2009 into law. The legislationwill improve consumer disclosures and end some egregious practices in the credit card industry but stops short of capping interest rates and fees.

https://www.ftc.gov/sites/default/files/documents/statutes/credit-card-accountability-responsibility-and-disclosure-act-2009-credit-card-act/credit-card-pub-l-111-24_0.pdf

The Electronic Fund Transfer Act (EFTA) is a federal law enacted in 1978 to protect consumers when they use electronic means to manage their finances. … Consumers typically use a card or pin number to initiate transfers from one account to another

https://www.federalreserve.gov/boarddocs/caletters/2008/0807/08-07_attachment.pdf

The Federal Trade Commission Act of 1914 established the Federal Trade Commission. The Act, signed into law by Woodrow Wilson in 1913, outlaws unfair methods of competition and outlaws unfair acts or practices that affect commerce.

https://www.ftc.gov/enforcement/statutes/federal-trade-commission-act

The Act, as amended, requires the Commission to promulgate regulations (a) defining and prohibiting deceptive telemarketing acts or practices; (b) prohibiting telemarketers from engaging in a pattern of unsolicited telephone calls that a reasonable consumer would consider coercive or an invasion of privacy; (c) restricting the hours of the day and night when unsolicited telephone calls may be made to consumers; and (d) requiring disclosure of the nature of the call at the start of an unsolicited call made to sell goods or services. Laws specifically related to Do-Not-Call and to charitable solicitations are listed separately.

A bill to provide for more detailed and uniform disclosure by credit card issuers with respect to information on interest rates and other fees which may be incurred by consumers through the use of any credit card.

https://www.ftc.gov/enforcement/statutes/fair-credit-and-charge-card-disclosure-act

https://www.ftc.gov/enforcement/statutes/home-equity-loan-consumer-protection-act

http://files.consumerfinance.gov/f/201305_compliance-guide_home-ownership-and-equity-protection-act-rule.pdf

Restricting the collection of personal info from minors.

The Children’s Online Privacy Protection Act (COPPA) is a law created to protect the privacy of children under 13. The Act was passed by the U.S. Congress in 1998 and took effect in April 2000. COPPA is managed by the Federal Trade Commission (FTC).

https://www.ftc.gov/tips-advice/business-center/privacy-and-security/children%27s-privacy

The Identity Theft and Assumption Deterrence Act of 1998 which became effective October 30, 1998, makes identity theft a Federal crime with penalties up to 15 years imprisonment and a maximum fine of $250,000. It establishes that the person whose identity was stolen is a true victim.

https://www.ftc.gov/node/119459