The Fair and Accurate Credit Transactions Act provides protections for debit and credit card receipts that consumers can enforce with a FACTA lawsuit.
Affected persons may be in a position to file a FACTA lawsuit when retailers, restaurants, or any other business violates at least one of the rules and regulations pertaining to FACTA.
FACTA, also known as the Fair and Accurate Credit Transactions Act, was enacted to protect U.S. consumers from identity theft. It was passed by the United States Congress in November 2003 and signed by President George W. Bush on Dec. 4, 2003 as an amendment to the FCRA or Fair Credit Reporting Act.
FACTA specifically regulates what information of a person’s credit card or debit card may and may not be printed on debit and credit card receipts.
According to FACTA: “No person that accepts credit cards or debit cards for the transaction of business shall print more than the last 5 digits of the card number or the expiration date upon any receipt provided to the cardholder at the point of sale or transaction.”
By preventing certain information from being printed off receipts, FACTA helps protect consumers from becoming victim to any kind of identity theft.
In response to a FACTA violation, the affected consumer may file or become included in a putative class action lawsuit seeking compensation for violations of FACTA. These violations may have also occurred several times against a large number of consumers, as a single credit card terminal that is not FACTA compliant may print hundreds or thousands of FACTA-violating receipts.
For example, FACTA regulations pertaining to debit car and credit information asserts that no more than the last five digits of the credit card or debit card number may be printed on debit and credit card receipts. All other numbers except for the last 5 must be censored. No other digits from the card may be displayed even if it is five numbers from the beginning or middle of the credit card number; only the last five digits may be shown.
Under FACTA, a compliant credit card receipt might show just the last few card number digits, like this:
- **** **** **** 4321
- **** **** ***5 4321
In addition, any portion of a card’s expiration date is prohibited to be shown on any part of debit and credit card receipts.
Businesses can face huge penalties for committing knowing violations of FACTA. Consumers who can successfully show that FACTA violations were done knowingly or willingly can collect between $100 and $1,000 in statutory damages for each violation.
In order to catch a business in violation of FACTA, take note of whether a receipt you receive shows more than just the last five digits of your credit card or debit card number, and if any part of your card’s expiration date is shown on debit and credit card receipts.
Either case could constitute a FACTA violation that could give you grounds to file a FACTA lawsuit. Substantial amounts of FACTA credit card receipt settlement awards have resulted from FACTA violations.
Free FACTA Class Action Lawsuit Investigation
If you made one or more purchases and the retailer provided you with a receipt that contained more than the last five digits of your credit or debit card number or the expiration date, you may be eligible for a free class action lawsuit investigation and to pursue compensation for these FACTA violations.
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