Proper Disposal of Consumer Information Under the Fair and Accurate Credit Transactions Act of 2003
other · OCC · Rule · Published 2004-12-28 · 69 FR 77610
Document
Document number
04-27962
Federal Register citation
69 FR 77610
CFR reference
12 CFR 30
Type
Rule
Action
Final rule.
Category
other
Sub-agency
OCC
Publication date
2004-12-28
Treasury docket
Docket No. 04-13
Abstract
The OCC, Board, FDIC, and OTS (the Agencies) are adopting a final rule to implement section 216 of the Fair and Accurate Credit Transactions Act of 2003 by amending the Interagency Guidelines Establishing Standards for Safeguarding Customer Information. The final rule generally requires each financial institution to develop, implement, and maintain, as part of its existing information security program, appropriate measures to properly dispose of consumer information derived from consumer reports to address the risks associated with identity theft.