Fair and Accurate Credit Transactions Act of 2003

secure document destructionThe Fair and Accurate Credit Transactions Act of 2003 (the FACT Act or FACTA or the Act) was enacted on December 4, 2003. The Act requires that the Commission undertake a number of rulemakings and studies. Many of these responsibilities will be transferred on July 21, 2011, to the newly created Consumer Financial Protection Bureau within the Board of Governors of the Federal Reserve System (the Federal Reserve) under the recent Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203.

EFFECTIVE DATES

The FACT Act required that the FTC, together with the Federal Reserve, jointly adopt the effective dates of portions of the statute where the effective dates are not prescribed within 2 months of enactment of the Act. On December 24, 2003, the Federal Reserve and the FTC jointly adopted Interim Final Rules that established December 31, 2003, as the effective date for provisions of the Act that determine the relationship between the Fair Credit Reporting Act and State laws and provisions that authorize rulemakings or other implementing actions by agencies (68 FR 74467). On December 24, 2003, the Federal Reserve and FTC also issued a notice of proposed rulemaking (NPRM) requesting comments and specifying the effective dates for the other provisions of the FACT Act for which the statute does not specify an effective date (68 FR 74529). On February 11, 2004, the Commission and the Federal Reserve published joint final rules that established a schedule of effective dates for many of the provisions of the FACT Act for which the Act itself did not specifically provide an effective date. The Agencies also made final what had previously been interim; namely, establishing December 31, 2003, as the effective date for provisions of the Act that determine the relationship between the Fair Credit Reporting Act and State laws and provisions that authorize rulemakings or other implementing actions by agencies. 69 FR 6526.

Government Mandates, Conservation and Recycling

Although compliance is voluntary, at Shred Bull Mobile Shredding Orange County we employ all reasonable means to guarantee that shredded materials are recycled to the highest degree. Several federal acts encourage recycling, including:

  • a) 1965 Solid Waste Disposal Act, which provided financial help for waste programs;
  • b) 1970 Resource Recovery Act, which expanded the effort for waste programs;
  • c) 1976 Resource Conservation and Recovery Act, which created strict requirements of environmental safeguards for landfills and incineration programs.

All of these laws have had an impact on recycling activity and on secure shredding services in this country. In addition, about 40 states in the US have established recycling goals.  Most also have privacy laws that help you understand the need for a secure shredding service like Shred Bull.

Call or text us anytime (949)459-3278
If we are not at the office we still answer the phone, respond to questions and set up appointments, 7 days a week.

We service accounts in the field Monday-Friday 7:00AM- 6:00PM and are open on Saturday and Sunday by appointment.

Always best to call or text first before coming to our office so we can make sure we have the truck and operator ready to shred.

Even if you have a simple question we would love to hear from you. To sign up we just need to know if you want a regular service or a purge(one time) service. We’ll help you figure out how many bins or consoles you’ll need and that’s it, super simple.

We can be out the next day to get you going!

Call or text us anytime (949)459-3278
Thanks again!

Shred Bull