Submission Number: 552775-00005
Received: 3/4/2011 8:47:31 AM
Commenter: Michael Nichols
Organization: Data Facts Inc
Agency: Federal Trade Commission
Initiative: Proposed Consent Agreement In the Matter of SettlementOne Credit Corporation, a corporation, and Sackett National Holdings, Inc., a corporation; File No. 0823208
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March 4, 2011
Hon. Donald S. Clark
Federal Trade Commission
Office of the Secretary
600 Pennsylvania Avenue, NW
Washington, DC 20580
Via Electronic Filing
Re: In the Matter of SettlementOne Credit Corporation, et al., File No. 082 3208
In the Matter of ACRAnet, Inc., File No. 092 3088
In the Matter of Fajilan and Associates, et al. File No. 092 3089
Dear Mr. Clark:
Data Facts Inc. appreciates the opportunity to comment on the Federal Trade Commission’s (“FTC”) proposed settlements in the three above-referenced matters.
Background on Data Facts
Data Facts Inc. was founded in 1989, as a credit reporting agency (known to you as a “reseller” in Fair Credit Reporting Act (“FCRA”) terms, servicing the consumer reporting needs of mortgage lenders, property managers, and employers. My company is very similar to the respondents’ companies referenced above.
As a “reseller” of consumer reports, we obtain reports from the three nationwide consumer reporting agencies and create combined, or “tri-merge”, and other specialty hybrid consumer reports for specific mortgage lending, property leasing and employment screening needs.
I take the duty of being a good steward of the consumers’ data within my control very seriously and have never neglected my obligation to safeguard the consumers’ information. I agree with the FTC’s statements about problems associated with identity theft and for that reason I have devoted significant corporate resources, including investment in sophisticated technology systems, to protect consumer data within my control.
Please review our thoughts/concerns in the document attached