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Emerging Issues Law Center> Insights & Analysis> Credit Cards> Backgrounder: FACTA Truncation Requirements and Card Expiration Dates
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Credit Cards
6/22/2009 3:53:09 PM EST
Matthew Bender Editorial Staff
Backgrounder: FACTA Truncation Requirements and Card Expiration Dates
Posted by Matthew Bender Editorial Staff
The Fair Credit Reporting Act requires that the credit and debit card information printed on customer receipts not display the expiration date of the card and no more than the last five digits of the card number. This backgrounder examines that requirement.
 
     The Fair Credit Reporting Act, as amended by the Consumer Credit Reporting Reform Act of 1996 and the Fair and Accurate Credit Transaction Act of 2003  ("FACTA"), sets the standards for collection, communication, and use of a consumer's personal financial information. FACTA requires that the credit and debit card information printed on customer receipts not display the expiration date of the card and no more than the last five digits of the card number. The final date for compliance with the requirement was December 4, 2006.15 USCS § 1681c.
 

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