Tag: Finance

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For savvy companies, keeping data secure is a day-to-day part of their business. They reduce the amount of sensitive information they collect in the first place, keep it secure if there’s a legitimate business need to maintain it, and dispose of it safely when they no longer need it....
If you advertise consumer leases, the Federal Trade Commission has important information for you: Your ads must comply with the streamlined rules for lease advertising found in the Consumer Leasing Act (CLA) and Regulation M. These requirements focus on essential lease information for...
An estimated nine million Americans have their identities stolen each year. Identity thieves may drain accounts, damage credit, and even put medical treatment at risk. The cost to business — left with unpaid bills racked up by scam artists — can be staggering, too.
Produced in cooperation with the Federal Reserve Bank of AtlantaIf you operate a business that accepts checks or online payments, you could be at risk for a new scam that may cost you time and money.Federal officials, consumer advocates, and businesses are hearing from people who have...
Your company has job vacancies to fill. You're also thinking about promoting some employees from within the company. You've winnowed down the stack of applications and resumes and want to run background checks through a third party company who is in the business of compiling...
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Slip Showing? Federal Law Requires All Businesses to Truncate Credit Card Information on Receipts
Introduction How the Credit Practices Rule Affects Consumer Contracts What the Rule Requires Who Must Comply What Transactions Are Covered How Penalities Are Assessed How Exemptions Are Granted How to Comply with the Rule
Many companies collect personal information from their customers, including names, addresses, and phone numbers; bank and credit card account numbers; income and credit histories; and Social Security numbers. The Gramm-Leach-Bliley (GLB) Act requires companies defined under the law as...
ABOUT THE GLB ACT The Gramm-Leach-Bliley Act was enacted on November 12, 1999. In addition to reforming the financial services industry, the Act addressed concerns relating to consumer financial privacy. The Gramm-Leach-Bliley Act required the Federal Trade Commission (FTC) and other...
What truth-in-advertising rules apply to advertisers? Under the Federal Trade Commission Act: