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Why shred (identity theft and government regulations):
Besides protecting yourself and others from the harm of Fraud and Identity Theft, there are a number of laws which require records destruction. In some cases, state governments have even more encompassing laws than these federal laws.
HIPAA (Health Insurance Portability and Accountability Act )
GLB (Gramm Leach Bliley Act relates to the banking industry)
FACTA (Fair and Accurate Credit Transactions Act of 2003 relates to the protection of consumer credit information)
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