Fair and Accurate Credit Transactions Act (the FACT Act). Among other things, the FACT Act directed the Federal Trade Commission (FTC) to issue regulations that require businesses to “properly dispose” of consumer information. The FTC issued its regulations in November 2004. The regulations, collectively referred to as “the Disposal Rule,” became effective June 1, 2005. This Note discusses the Disposal Rule, how it applies to employers, and the penalties for violating the Rule.