Which federal law provides guidelines for the destruction of customer information?

The Fair and Accurate Credit Transactions Act (FACTA) is the correct response because it includes specific provisions related to the protection of consumer information, particularly in the context of identity theft prevention. One significant aspect of FACTA is its requirement for businesses to develop and implement reasonable policies and procedures for the proper destruction of consumer information. This directive aims to ensure that personal information is not improperly accessed or misused after the information is no longer needed.

FACTA requires entities that handle consumer information to dispose of such records in a secure manner, emphasizing the importance of safeguarding sensitive data throughout its entire lifecycle, including its destruction phase. This legal framework thus establishes clear guidelines for organizations regarding how to responsibly handle customer information, ensuring that data is destroyed in a way that reduces potential risks to individual privacy.

The other laws listed do not specifically address guidelines for the destruction of customer information as directly as FACTA does. While HIPAA deals with health information privacy, ECPA covers the privacy of electronic communications, and COPPA focuses on online privacy for children, none of these laws include explicit mandates for the destruction of customer information similar to those found in FACTA.