Certified Information Privacy Professional – United States (CIPP/US) — Question 26

What consumer protection did the Fair and Accurate Credit Transactions Act (FACTA) require?

Answer options

• A. The ability for the consumer to correct inaccurate credit report information
• B. The truncation of account numbers on credit card receipts
• C. The right to request removal from e-mail lists
• D. Consumer notice when third-party data is used to make an adverse decision

Correct answer: B

Explanation

The correct answer is B, as FACTA specifically requires the truncation of account numbers on credit card receipts to protect consumer information. Option A relates to credit report inaccuracies but is not a requirement of FACTA. Option C concerns email lists, which is outside the scope of FACTA, and option D involves consumer notification, but FACTA primarily focuses on the protection of consumer financial information.