Compliance

California Law AB 2246 California Assembly Bill 2246 (October 2001) “California Shredding Law” Assembly Bill 2246, authored by Assemblyman Howard Wayne (D-San Diego), protects consumers from identity theft by requiring that business owners dispose of customer or tenant records to make them unreadable or indecipherable. Provisions include: 1798.81: A business shall take all reasonable steps …

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Health Insurance Portability & Accountability Act (HIPAA) Health Insurance Portability & Accountability Act (HIPAA) Congress passed the Administrative Simplification provisions of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) to improve the efficiency and effectiveness of the nation’s Healthcare system. The Standards for Electronic Transactions regulation adopts standards for eight electronic transactions and …

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Fair and Accurate Credit Transactions Act (FACTA) Fair and Accurate Credit Transactions Act (FACTA) The Fair and Accurate Credit Transaction Act (FACTA), affecting virtually every person and business in the United States, is designed to reduce the risk of consumer fraud and identity theft. The law is expansive in scope, covering 19 issues, most of …

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Gramm-Leach-Bliley Act Gramm-Leach-Bliley Act (1999) Financial Services Modernization Act 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 …

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Sarbanes-Oxley (SOX) Sarbanes-Oxley (SOX) The Sarbanes-Oxley (SOX) Act of 2002. The Sarbanes-Oxley Act was signed into law on 30th July 2002, and introduced highly significant legislative changes to financial practice and corporate governance regulation. It introduced stringent new rules with the stated objective: “to protect investors by improving the accuracy and reliability of corporate disclosures …

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