Red Flags Rules - FTC Regulations and Your Responsibilities to Prevent Identity Theft
Source: Perimeter eSecurity
Identity Theft is on the rise, and the government has taken notice. As of May 1st, the Federal Trade Commission, the federal bank regulatory agencies, and the National Credit Union Administration (NCUA) have issued regulations (the Red Flags Rule) requiring financial institutions and creditors to develop and implement written identity theft prevention programs, as part of the Fair and Accurate Credit Transactions (FACT) Act of 2003. But what exactly is a "Financial institution" or a "Creditor," and what exactly do they have to do to remain in compliance? The presenter of this webcast covers all one need to know about the responsibilities in regards to the Red Flags Rule and helps on the way to Red Flags compliance.