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Companies now have to contend with a host of government regulations including Sarbanes-Oxley, Graham-Leach-Bliley, HIPAA and FACTA. Issued this past January, FACTA broadly covers any individual's paper, electronic, or other form of personal or credit record. Also under FACTA, a consumer can dispute inaccurate information directly with the creditor, in which case the creditor can't report any more negative information about the consumer until it investigates the dispute. |
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