Fair and Accurate Credit Transactions Act

(FACT Act)

 

Under the guidance and control of the Federal Trade Commission (FTC) under the Fair and Accurate Credit Transactions Act (FACT Act), a federal law passed in 2003 to strengthen consumer protection against identity theft.

We should ALL be worried about identity theft. It's growing, and it's a very lucrative crime. Unlike stolen cash, stereos or drugs, identities can be sold over and over again. People whose identities are stolen spend countless hours and dollars trying to fix their credit rating and reestablishing their reputations. Often, irreparable damage is done to the victim's identity. Many people believe identity theft is only financial in nature, but this is not true. It actually can include any aspect of your identity, including your medical, driver's license, Social Security, professional, criminal and financial identities.

As a respected member of your profession, you have ethical and legal responsibilities to protect your clients, and colleagues, personal information as much as possible. You wouldn't want it to happen to you, and you certainly don't want to be blamed for the theft of a client's identity.

PGSI have produced a simple to use ON-Line program which will ensure that your company has the documentation in place to conform to the requirements of the FACT Act.
By following the on-line easy to use wizard you will be taken through each step required and by entering the minimal information specific to your company you will have completed the basic FACT Act  compliance requirements, just click here to see an example

 The FACT Act also REQUIRES that all your staff are trained on recognizing the warning signs as relates to your business and that they have signed documentation which confirms that training has taken place. To further assist in meeting the requirements with ease, PGSI have produced an on-line course, and a stand alone in-house course for those that prefer that method of instruction.
The combination of the documentation and the training enables fast implementation of the FACT Act requirements

 

Fact Act Documentation
On-Line Training
In-House Training