Via USA Today, great news for the shredding industry:
The Fair and Accurate Credit Transactions Act
was passed in December 2003, but rules were written just recently on
the disposal provision. The law requires the destruction — "shredding
or burning" or "smashing or wiping" — of all paper or computer disks
containing personal information "derived from a consumer report" before
it is discarded.
Joining the shredding game
That means that if you do a credit check on your
nanny before you hire her — or you get private information from a nanny
service that came originally from a credit report — you fall under the
rules.
The disposal provision goes into effect June 1.
By then, all businesses — whether employing one worker or 1 million —
will have to join the shredding game.