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FTC | RIN: 3084-AB41 | Publication ID: Fall 2017 |
Title: Disposal of Consumer Report Information and Records | |
Abstract:
Effective June 1, 2005, the Disposal Rule requires any person or entity who maintains or otherwise possesses consumer information for a business purpose to properly dispose of the information to protect against unauthorized access to or use of the information. Consumer information means any record about an individual that is a consumer report or is derived from a consumer report, or a compilation of such records. This rule implements section 216 of the Fair and Accurate Credit Transactions Act of 2003, which is designed to reduce the risk of consumer fraud and related harms, including identity theft, created by improper disposal of consumer information. On September 15, 2016, the Commission requested comments on the rule as part of the Commission's systematic review of all current Commission rules and guides. 81 FR 63435. The comment period closed on November 21, 2016. During November 2017, the Commission announced the completion of the review of the Disposal Rule and that the rule is being retained in its current form |
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Agency: Federal Trade Commission(FTC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Prerule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 16 CFR 682 | |
Legal Authority: sec 216 of the Fair and Accurate Credit Transactions Act of 2003, Pub. L. 108-159 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: David Lincicum Federal Trade Commission 600 Pennsylvania Avenue NW, CC-8232, Washington, DC 20580 Phone:202 326-2773 Email: dlincicum@ftc.gov |