The Fair and Accurate Credit Transactions Act
What is FACTA?
Signed into law on December 4, 2003, the Fair and Accurate Credit Transactions Act (FACTA) is federal legislation aimed at the prevention and penalization of consumer fraud and identity theft. Administered by the Federal Trade Commission (FTC), the FACTA Disposal Rule has been in effect since June 1, 2005. The Disposal Rule puts in place requirements for proper document disposal and destruction and recognizes the problems that can and do arise when private information is disposed of in an irresponsible manner.
Who is affected by FACTA?
FACTA applies to virtually all persons and businesses in the United States, mandating that “any person who maintains or otherwise possesses consumer information, or any compilation of consumer information, for a business purpose must properly dispose of such information by taking reasonable measures to protect against unauthorized access to or use of the information in connection with its disposal.”
Under FACTA, consumer information is defined as personal identifying materials which extend beyond just a person’s name, including:
- A social security number
- A driver’s license number
- A phone number or e-mail address
- A physical address
To comply with the FACTA Disposal Rule, businesses and individuals must take “reasonable measures” to ensure such information does not fall into the wrong hands. Reasonable measures include the “burning, pulverizing, or shredding” of paper documents, such as the contracting of a third-party engaged in the document destruction business to dispose of confidential information in a manner consistent with the Act.
Failure to abide by FACTA may result in stiff penalties. Victims are entitled to actual damages sustained due to incompliance; they may also seek statutory damages, and, in some cases, file class-action suits. Federal and state authorities are also empowered to bring legal enforcement actions against businesses that violate the Act.
Your Partner in Regulatory Compliance
By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a document disposal program that meets FACTA laws. Using state-of-the-art technology, our highly trained and certified security professionals efficiently shred all documents right on your premises. We give you the option to watch the shredding process, and also provide you with a Certificate of Destruction that records each shred. Trust PROSHRED® as your partner in compliance with FACTA shredding requirements for maintaining your document security program.
For more information on the Fair and Accurate Credit Transactions Act (FACTA), visit: Federal Trade Commission
What Are People Saying About PROSHRED®
Rodney and his crew are always so friendly and caring. You can tell they care about their jobs. The driver who stops here is very... read moreRodney and his crew are always so friendly and caring. You can tell they care about their jobs. The driver who stops here is very personable. I'm very pleased with Proshred! read less
Stephanie Troost12/05/2014We do an annual Shred Event for our real estate business, and this Pro Shred operation is the perfect business partner. Locally owned, Mike and... read moreWe do an annual Shred Event for our real estate business, and this Pro Shred operation is the perfect business partner. Locally owned, Mike and his crew run a top notch business. Professional, the best trucks and equipment, always on time, everyone is so friendly - this is why we love and support local businesses. Keep up the great work! read less
Carol5/23/2017Proshred is a fabulous and accommodating company! They go "above and beyond" to ensure customer satisfaction. Their staff is very friendly and guarantee your satisfaction... read moreProshred is a fabulous and accommodating company! They go "above and beyond" to ensure customer satisfaction. Their staff is very friendly and guarantee your satisfaction with their services. I definitively recommend Proshred. read less
Connie Shifflet12/05/2018We just had Adam shredding our documents at Lambert & Pryor Insurance in Feeding Hills, MA. Very nice, professional, and hard working. A++... read moreWe just had Adam shredding our documents at Lambert & Pryor Insurance in Feeding Hills, MA. Very nice, professional, and hard working. A++ to you and your firm. Thank you. read less
Mark7/21/2017Great friendly service. Nice knowing my confidential document info was completely destroyed.
Angela3/05/2015Everyone at proshred is professional and caring! They are a great example of how everyone should run their business! Try them and see for yourself... read moreEveryone at proshred is professional and caring! They are a great example of how everyone should run their business! Try them and see for yourself as everyone who owned a business needs the service they provide! read less
Wendy7/16/2017Proshred is the most trusted, reliable and secure document shredding company. I wouldn't work with any other company, although some have tried to get my... read moreProshred is the most trusted, reliable and secure document shredding company. I wouldn't work with any other company, although some have tried to get my business. The employees are personable and efficient. Never a problem in over 5 years of working with them. Thank you for your service. read less
Michele Zajac12/05/2014I have been using ProShred for the past 3 years in our office and find them to be helpful and prompt when needing their services... read moreI have been using ProShred for the past 3 years in our office and find them to be helpful and prompt when needing their services and I find them to be very reasonable in the pricing. Makes things alot easier around our office when it's time to do a cleanup.Thank you Pro Shred! read less
Peggy Capes12/05/2016We had proshred come to our shop. The gentleman who arrived was fast and efficient and very nice. From pricing to completion everything... read moreWe had proshred come to our shop. The gentleman who arrived was fast and efficient and very nice. From pricing to completion everything went very smooth.
Thanks for the help,
JAKES Industrial, Inc. read lessLisa1/18/2018Thank you for taking care of my client's documents on site. Easy to schedule, on time and courteous!
Gabrielle2/08/2017We feel very safe in using ProShred to destroy private business documents. This comfort level comes with seeing same employee come each month to... read moreWe feel very safe in using ProShred to destroy private business documents. This comfort level comes with seeing same employee come each month to service our account since signing on years ago. He is always courteous, knowledgable, professional and happy! Tracy Curran, President J. J. Curran & Son, Inc. read less
Tracy4/27/2017Thank you Proshred for an amazing service this morning. Scotty and Ryan we're pleasant, professional and fast! They made the experience enjoyable at... read moreThank you Proshred for an amazing service this morning. Scotty and Ryan we're pleasant, professional and fast! They made the experience enjoyable at an emotional time. Mary in the office was extremely gracious and helpful, as well. Thank you all for being a local business with integrity and care. read less
Debz6/15/2018Proshred is awesome, customer service was a delight
Zach12/21/2017Cannot say enough good things about Proshred. Professional, timely service. Excellent customer service. Top-tier security that not only provides peace of mind... read moreCannot say enough good things about Proshred. Professional, timely service. Excellent customer service. Top-tier security that not only provides peace of mind but also helps keep our firm compliant with regulatory requirements. Great pricing and a local company! Highly recommended! read less
Meredith Oliver12/05/2016They did a great job. On time and very professional.
Scot2/05/2019
