The Fair and Accurate Credit Transactions Act Does Prevent From Identity Theft
Having seen the current situation, national leaders acknowledge the urgency of having to prevent from identity theft. This explains the creation of the Fair and Accurate Credit Transactions act sometime in the early twenty-first century. The bill requires creditors to verify the identity of the borrower first before they issue credit cards on the borrower’s name, among others. This does effectively prevent identity theft, though only for a limited time only because the Fair and Accurate Credit Transactions act makes the requirement true only for ninety days, putting the debtors in a risky situation after that span of time.
