Today more and more people are using credit cards when they purchase items, regardless of whether it is a small or a large purchase. Credit cards make things  easier and quicker as one does not have to carry around cash and run the risk of it being lost or stolen.

As a result, the Fair and Accurate Credit Transactions Act § 681 regulates what credit card information can be printed on a credit card receipt at the time of sale or purchase. According to this act, the vendor or seller is not allowed to state on the credit receipt “more than the last five digits of its number or the expiration date on any receipt” as reported by the New York Law Journal in a June 1, 2013 news article. This act is aimed at protecting the credit card owner and reduces the risk of someone obtaining valuable personal information and using it for his or her personal gain. Violation of the Fair and Accurate Credit Transaction (FACT) Act results in monetary damages ranging from one hundred dollars to one thousand dollars, in addition to legal fees.

Recently a buyer used his creditor card at a restaurant located in New York City. The receipt stated the first four digits of his credit card number as well as the last four digits of his credit number in addition to the expiration date. Therefore, the receipt violated the Fair and Accurate Credit Transactions Act § 681. Thus, the buyer sued the restaurant claiming that it intentionally violated the act by printing his credit card information on the credit card receipt. Therefore, he should be entitled to monetary compensation and counsel costs. The court held that there was a violation by the seller or restaurant owner.

The law office of Jayson Lutzky, P.C. offers bankruptcy representation. With 30 years of experience, Mr. Lutzky is a tough negotiator and works to represent each and every client to satisfy their needs and legal requirements. Contact his office at 718-514-6619 to set up a free in person consultation or visit for more information.