The Fair and Accurate Credit Transaction Act of 2003 (FACTA) added new sections to the federal Fair Credit Reporting Act (FCRA, 15 U.S.C. 1681 et seq.), intended primarily to help consumers fight the growing crime of identity theft. Accuracy, privacy sharing, and new consumer rights to disclosure are included in FACTA. (Pub. L. 108-159, 111 Stat. 1952).This is all good news for consumers. However, consumers came out on the losing end when Congress virtually barred states from adopting stronger laws.

The HIPAA Privacy Rule provides federal protections for personal health information held by covered entities and gives patients an array of rights with respect to that information. At the same time, the Privacy Rule is balanced so that it permits the disclosure of personal health information held by covered entities and gives patients an array of rights with respect to that information. At the same time, the Privacy Rule is balanced so that it permits the disclosure of personal health information needed for patient care and other important purposes. The Security Rule specifies a series of administrative, physical, and technical safeguards for covered entities to use to assure the confidentiality, integrity, and availability of electronic protected health information.

The Privacy Act of 1974 protects certain federal government records pertaining to individuals. In particular, the Act covers systems of records that an agency maintains and retrieves by an individual's name or other personal identifier (e.g., social security number). A list of the FTC's Privacy Act systems of records, including the routine uses of those records,is published in the Federal Register. The FTC's personnel records system and its consumer complaint system are examples of FTC Privacy Act systems of records.

The Financial Modernization Act of 1999, also known as the "Gramm-Leach-Bliley Act" or GLB Act, includes provisions to protect consumers' personal financial information held by financial institutions. There are three principal parts to the privacy requirements the Financial Privacy Rule, Safeguards Rule and pretexting provisions.

The GLB Act gives authority to eight federal agencies and the states to administer and enforce the Financial Privacy Rule and the Safeguards Rule. These two regulations apply to "financial institutions," which include not only banks, securities firms, and insurance companies, but also companies providing many other types of financial products and services to consumers.

The Sarbanes-Oxley Act of 2002 is mandatory. ALL organizations, large and small, MUST comply. This website is intended to assist and guide. It provides information, and identifies resources, to help ensure successful audit, and management. Whether you are entirely new to the Sarbanes-Oxley legislation, or whether you have an established strategy, this portal should hopefully prove to be of substantial value.  

The legislation came into force in 2002 and introduced major changes to the regulation of financial practice and corporate governance.

Lone Star Shredding & Document Storage is dedicated to complying with all state and federal regulations. Recently passed legislation requires that businesses containing any type of personal information must take reasonable measures in order to ensure that all confidential information is properly destroyed. This legislation holds businesses liable for any repercussions resulting in failure to properly dispose of confidential information. Utilizing Lone Star Shredding & Document Storage ensures that your company will be safe from litigation through compliance with all legislation, including the Gramm Leach Bliley Act, the Sarbanes-Oxley Act, the 1974 Privacy Act, HIPAA and FACTA regulations, and NAID provisions. In 1988, the United States Supreme Court ruled that trash picking (dumpster diving) is legal. Once trash is placed outside, it is public domain, with no exception of privacy or ownership.