ETA Submits Comments to FTC regarding its Disposal of Consumer Report Information and Records
November 21, 2016
Dear Secretary Clark:
The Electronic Transactions Association (“ETA”) appreciates this opportunity to provide comments regarding the Federal Trade Commission’s (“FTC” or “Commission”) Request for Public Comment on its rule regarding Disposal of Consumer Report Information and Records (“Disposal Rule” or “Rule”). ETA supports maintaining the Disposal Rule as it currently stands, particularly the flexibility the Rule provides for the disposal of consumer information.
ETA is the leading trade association for the payments industry, representing nearly 550 companies worldwide involved in electronic transaction processing products and services. The purpose of ETA is to influence, monitor, and shape the payments industry by providing leadership through education, advocacy, and the exchange of information. ETA’s membership spans the breadth of the payments industry, and includes financial institutions, payment processors, independent sales organizations, and equipment suppliers. ETA’s members use data to provide a wide range of products and services designed to enhance and secure electronic transfers. Our members rely on data to help reduce fraud and to authenticate transactions to make transactions between businesses and consumers seamless and secure.