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Client Alert

FACTA Update: Amendment Renders Most Class Actions Under Statute Moot
Authors: Robert L. Wallan, Mariah Brandt

6/19/2008

Section 1681c(g) of the Fair and Accurate Credit Transactions Act of 2003 (“FACTA”) prohibits businesses that accept credit or debit cards from including “more than the last five digits of the card number or the expiration date” on electronically printed receipts provided to the customer at the point of sale or transaction. Since FACTA took full effect, hundreds of nearly identical class action suits have been filed in federal courts nationwide against a broad range of retailers and restaurants. A recently enacted amendment to FACTA renders most of these class action cases moot.


To read this publication in its entirety, click the link in the adjacent "Downloads" section.
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