Regulations
 
Fair and Accurate Credit Transactions Act (FACT)
Previously known as the Fair Credit Reporting Act (FCRA)
 
The Fair and Accurate Credit Transactions Act (FACT) protects consumers by ensuring that the data reported on their credit files is accurate and confidential. This law, in effect since 1971 and revised in October 1997, requires data furnishers to provide accurate information, ensure that the data is updated when changes take place, and report consumer disputes.
 
e-Recovery Solutions conducts business with full compliance of the FCRA. There have been no FCRA violations recorded against e-Recovery Solutions.
 
The Federal Trade Commission (FTC) was recently given the authority to promulgate regulations pertaining to compliance with the Fair Credit Reporting Act (FCRA). This means that the FTC will be able to initiate investigations and step up enforcement efforts based upon the new regulation.
 
Since we must adhere to all regulations as set forth by the FCRA, it is necessary that all payments made to our client's office are reported via CAW, fax, electronically, or other paper copy means, within 48 hours of receipt of the payment.
 
The Federal Trade Commission Web site gives additional information on the FCRA.
 
 
Home  Why Outsource  Services  Contact  FAQ's  Regulations  Resources   Careers
e-Recovery Solutions, PO Box 826, Christiansburg, VA 24068. Phone (540) 382-2943 or (800) 277-2730. Fax (540) 382-5520
Content e-Recovery Solutions    Web Site Services by Service First Webmasters, Inc.