FACT Act Conference To Offer Insight from Top Officials

WASHINGTON-Federal Trade Commission leaders plan to deliver the industry a `what’s next?’ perspective of the Fair and Accurate Credit Transactions Act during “The FACT Act: Challenge and Opportunity” conference at the Wyndham Washington Hotel. FTC Consumer Protection Director Howard Beales and Associate Director for Financial Practices Joel Winston will delve into the agency’s role in implementing the law and how businesses will be affected during a conference call Feb. 9-10. The conference is being hosted by Privacy & American Business and the Washington, D.C. law firm Oldaker, Biden & Belair. “Our focus will not be how we got here, but what you have to do now that we have the FACT Act, and what its practical impact will be on business,” Dr. Alan Westin, president and publisher of P&AB, promised. “Regulators will tell us what we have to be concerned about, business leaders will tell us what the impact will be, lawyers will tell us what the risks are, and consumer advocates will tell us what they still don’t like,” Oldaker, Biden & Belair Partner Oscar Marquis added. “And we’ll learn what legislation may still be in the offing.” The main conference sessions will include the direction of the consumer reporting industry, anti-identity theft provisions, affiliate sharing, data furnisher and user responsibilities, effects on credit scoring, prescreening and marketing, and litigation risks, among other matters. The conference will also feature well-known Fair Credit Reporting Act attorneys, privacy experts and advocates, and congressional officials.