House Unanimously Passes H.R. 4008
Bill Would Provide Relief to Businesses Facing Class Actions Under FACTA Amendments to FCRA for Printing Expiration Date on Credit and Debit Card Receipts
On May 13, 2008 the United States House of Representatives unanimously passed H.R. 4008, the Credit and Debit Card Receipt Clarification Act of 2007, by a vote of 407-0
. The bill was introduced on October 30, 2007 by Rep. Tim Mahoney (D-FL) and drew bipartisan sponsorship and support. The bill offers potential relief to hundreds of businesses across the nation facing class action litigation for technical violations of the Fair and Accurate Credit Transactions Act (FACTA) amendments to the Fair Credit Reporting Act (FCRA).
In passing the FACTA amendments to the FCRA Congress amended the FCRA to add Section 1681c (g) which requires businesses to truncate credit and debit card numbers and suppress printing of card expiration dates on electronically printed credit and debit card receipts issued to consumers.
Read the entire alert on H.R. 4008. | 