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Fair Credit Reporting-Proper Disposal of Consumer Information Under the Fair and Accurate Credit Transactions Act of 2003

NCUA · final-rule · Published 2004-11-29 · Effective 2004-12-29 · 69 FR 69269

Document

Document number
04-25995
Federal Register citation
69 FR 69269
CFR reference
12 CFR 717
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2004-11-29
Effective date
2004-12-29

Abstract

The NCUA Board is adopting a final rule to implement section 216 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) by amending security program regulations and NCUA's Guidelines for Safeguarding Member Information and establishing a section in new part 717. The final rule generally requires federal credit unions (FCUs) to develop, implement, and maintain appropriate measures to properly dispose of consumer information derived from consumer reports to address the risks associated with identity theft. FCUs are expected to implement these measures consistent with the provisions in NCUA's Guidelines for Safeguarding Member Information.

Source

Authoritative
Federal Register document
Machine
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