FACTA

ID Theft Red Flags Rule: Agencies Release FAQs

New Document Tackles Scope, Definitions and Other Common Issues Found During Red Flags Exams

Thursday, June 11, 2009

The federal banking regulators and the Federal Trade Commission today issued a set of frequently asked questions (FAQs) to help financial institutions and other businesses comply with the ID Theft Red Flags Rule.

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Agency Alerts for FACTA

October 16, 2008
Identity Theft Red Flags, Address Discrepancies, and Change of Address Regulations - Examination Procedures
November 29, 2007
Agencies Issue Proposed Rules and Guidelines that Address Accuracy and Integrity of Consumer Report Information and Rules to Allow Direct Disputes
November 15, 2007
FDIC: Identity Theft Red Flags - Interagency Final Regulation and Guidelines

Training & Education

Scheduled Webinars

How to Prepare for Your First Identity Theft Red Flags Rule Exam

As of Nov. 1, all banking institutions must be in compliance with the Identity Theft Red Flags Rule, which went into effect on Jan. 1, requiring:

Financial institutions and creditors to implement a written identity theft prevention program;
Card issuers to assess the validity of change of address requests;
Users of consumer reports to verify the identity of the subject of a...

Next Presentation: January 1, 2011 @ 3:30 PM (EDT)