Bill introduced to clarify FACTA requirements

WASHINGTON

A bipartisan measure introduced in the U.S. House of Representatives could help to stem a wave of lawsuits filed against restaurateurs by clarifying the Fair and Accurate Credit Transaction Act of 2003, or FACTA.

FACTA, which was passed by Congress in 2003, attempts to reduce identity theft and credit card fraud by preventing criminals from obtaining access to consumers’ private financial and credit information. According to FACTA, restaurateurs and ot

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