European Union Terms - F
Fair and Accurate Credit Transactions Act of 2003 (FACTA) - (U.S. federal law which strengthened consumer protections provided by the Fair Credit Reporting Act (FCRA) - allowed consumers to receive a free copy of their credit report, and added measures dealing with identity theft)
Fair Credit Billing Act (FCBA) - (U.S. federal law enacted in 1974, amending the Truth in Lending Act, requiring lenders to correct billing errors and limiting cardholder liability to $50)
Fair Credit Reporting Act of 1970 (FCRA) - (U.S. federal law giving persons the right to see their credit records at credit reporting bureaus - amended in 1997 to limit permissible uses and access by financial institutions)
Fair Information Practice Principles (FIPPs) - (guidelines governing how organizations collect and use personal information - formed the basis for the 1994 U.S. federal Privacy Act and the 1980 Organization for Economic Cooperation and Development (OECD) Guidelines)
Fair Information Practices (FIPs) - (privacy guidance for organizations operating in the U.S., drafted by the Federal Trade Commission (FTC), inspired by, or following the guidelines proposed by the Organization for Economic Cooperation and Development (OECD)
Fair Information Principles (FIPs) - (eight privacy principles, incorporated into the Organization for Economic Cooperation and Development (OECD) Guidelines, adopted un 1980, which were discussed as part of the OECD's Guidelines on the Protection of Privacy and Transborder Flows of Personal Data
Family Educational Rights and Privacy Act (FERPA) - (U.S. federal law passed in 1974 granting parents access to student educational records while also limiting public disclosure of records information)
Federal Communications Commission (FCC) - (US federal agency which regulates telecommunications systems, including voice and data transmissions)
Federal Information Processing Standards (FIPS) - (U.S. information security standard for federal information systems operated by the federal government, as well as any of its contractors and subcontractors operating federal information systems)
Federal Information Security Management Act (FISMA) - (U.S. federal law passed in 2002 to protect federal IT systems and data, requiring federal agencies and contractors to set up security programs, test their systems, and report yearly on their compliance with security compliance)
Federal Republic of Yugoslavia (FRY) -
Federal Trade Commission (FTC) - (independent federal agency created in 1914, which has become a leading regulator of data security through its authority to protect consumers from unfair or deceptive trade practices under Section 5 of the Federal Trade Commission (FTC) Act)
Financial Accounting Standards Board (FASB) - (nongovermental body with the authority to promulgate U.S. Generally Accepted Accounting Principles (GAAP) )
Financial Industry Regulatory Authority (FINRA) - (nonprofit organization created in 1987 as a result of the merger of the National Association of Securities Dealers (NASD) and the Regulation Committee of the New York Stock Exchange - oversees business amount brokerage firms, registered securities representatives, and the investing public)
Financial Times-Stock Exchange 100 stock index (FOOTSIE) - (popular name for a market-value index fund traded on the London Stock Exchange)
Foreign Affairs Council (FAC) - (technical council within the Council of the European Union (Council of Ministers) - not part of the European Council (the Council representing the leaders of the EU member states) - the FAC deals with international relations (foreign affairs) )
Foreign Credit Insurance Association (FCIA) - (voluntary association of some 50 U.S. insurance companies formed in 1961 under the sponsorship of the Export-Import Bank - provides insurance coverage for credits extended by U.S. exporters to foreign purchasers)
Foreign Direct Investment (FDI) - (investments in/ownership of domestic businesses by foreign citizens or companies - usually involves majority or major stock ownership of an enterprise - sometimes a joint venture between a foreign and a domestic company)
Foreign Intelligence Surveillance Act (FISA) - (US federal law enacted in 1978, which provides guidelines and rules for surveillance when national security is involved)
Foreign Intelligence Surveillance Court (FISC) - (US federal court authorized under the Foreign Intelligence Surveillance Act (FISA) to review applications for surveillance and searches related to national security issues)
Frankfurt Interbank Offered Rate (FIBOR) - (interest charged by banks for short-term loans to other banks)
Frankfurt Stock Exchange (FWB) - (largest of eight German securities exchanges operated by Deutsche Borse AG)
Frontline EU (Frontex) - (EU agency which coordinates border management for frontline EU states)
Function-as-a-Service (FaaS) - (cloud service in which the provider delivers a platform which the customer/client can use to create and run their own applications)
Fundamental Rights Agency (FRA) - (EU agency established in 2007 to monitor EU activities in the areas of individual rights - publiishes reports on issues such as racism, access to justice, poverty, migration, and data protection)
Futures Commission Merchant (FCM) - (firm or person engaged in soliciting or accepting orders for the purchase or sale of futures contracts)