How does the Fair and Accurate Credit Transactions Act (FACTA) help consumers fight identity theft?

The Fair and Accurate Credit Transactions Act (FACTA) helps consumers fight identity theft by allowing them to issue a one-call fraud alert to one of the three major credit reporting agencies. If one of the agencies receives such a fraud alert, it must then notify the other two major reporting agencies. This puts these agencies on notice that someone may be illegally accessing another person’s credit.