House and Senate Vote to Amend FCRA to Block Credit Card Truncation Suits

Congressional Quarterly's Weekly Report reports that the Senate has passed a bill, H.R. 4008, that would block credit card slip truncation suits--that is, the many suits that have been filed for violation of the FCRA provision added by FACTA barring retailers from printing on credit card receipts the full credit card number or credit card expiration date.  Because the House had already passed the bill, it now goes to the President for signature.  Blocking such suits makes sense, but if Congress was going to amend the FCRA, wouldn't it also have made sense to fix some of the other problems with the FCRA? (hat tip to Ira Rheingold)

Comments

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Does the bill cover litigation already begun and/or transactions already completed?

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Does the bill cover suits already pending and/or transactions that have already occurred?