Glossary of Laws
Records Management Compliance
Over the years, organizations have seen an increase in laws and regulations requiring them to maintain a proper records management policy. CRC works with all clients to assist them with meeting compliance laws and requirements through our numerous records and information management services.
HIPAA - Health Insurance Portability and Accountability Act
HIPAA offers protection for personal health information, including electronic medical records, and requirements and security rules give patients more control over their health information, set limits on the use and release of their medical records, and establishes a series of privacy standards for health care providers which provides penalties for those who do not follow these standards.
FACTA - Fair and Accurate Credit Transactions Act
FACTA requires businesses to take appropriate measures to dispose of sensitive information derived from consumer reports. Any business or individual who uses a consumer report for a business purpose is subject to the requirements of the 2005 FACTA Disposal Rule, which calls for the proper disposal of information in consumer reports and records to protect against “unauthorized access to or use of the information".
Legislation passed by the U.S. Congress to protect shareholders and the general public from accounting errors and fraudulent practices in the enterprise, as well as improves the accuracy of corporate disclosures.
The Gramm-Leach-Bliley Act requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data.