Which legislation is designed to combat the growing crime of identity theft?
A)E-Government Act of 2002
B)USA Freedom Act of 2015
C) USA Patriot Act of 2001
D) Fair and Accurate Credit Transactions Act of 2003

Question

Which legislation is designed to combat the growing crime of identity theft?
A)​E-Government Act of 2002
B)​USA Freedom Act of 2015
C) ​USA Patriot Act of 2001
D) ​Fair and Accurate Credit Transactions Act of 2003

Quizplus · Accepted Answer

The Fair and Accurate Credit Transactions Act of 2003 (FACTA) is designed to combat the growing crime of identity theft by requiring credit bureaus to provide consumers with free copies of their credit reports once per year, allowing consumers to place fraud alerts and credit freezes on their accounts, and mandating that financial institutions and creditors take certain steps to verify the identity of new account holders. It also established the Red Flags Rule, which requires financial institutions and creditors to develop and implement identity theft prevention programs.

Which Legislation Is Designed to Combat the Growing Crime of Identity