What is FACTA, and why is everyone talking about it?

The new Fair and Accurate Credit Transactions Act, a federal law effective June 2005, has implications for everyone who is an employee or an employer. Among a number of requirements designed to protect individuals’ privacy, one of the most important clearly points to paper shredders as becoming increasingly a necessity for today’s world.

Any organization or individual who employs other people is required to take the necessary steps to guard the personal information of their employees. In a nutshell, that means be careful what you throw away in the trash! Papers that contain nearly any information about your employees had best be shredded before throwing away.

Who’s affected by the regulations of FACTA? In reality, the question is who isn’t affected? Everyone from the individual who employs a nanny or housekeeper, to hospitals, churches, schools, and of course, businesses, need to start shredding everything with employee information on it.

GBC Shredmaster shredders can be your first line of defense in obeying the requirements of FACTA. Click on Selection Page to see which shredder is right for you.