National Restaurant Association Hails FACTA “Fix”

(Washington, DC) – The National Restaurant Association today expressed support of legislation designed to clarify the requirements of the Fair and Accurate Credit Transaction Act of 2003 (FACTA), a federal law restricting the display of credit-and-debit card digits and expiration dates on customer receipts. The bill, H.R. 4008, was introduced this week by Congressman Tim Mahoney (D-Florida) and would clarify that any merchant that complied with the truncation requirement for credit card numbers on receipts but left on the expiration date would be in good faith compliance with the law. The confusion over the interpretation of the law has resulted in a wave of class-action lawsuits against restaurant companies and commercial retailers.