May 27, 2008
Identity Theft Red Flags, the reader's digest version | Bankwide.com
On November 9, 2007 the OCC, Board, FDIC, OTS, NCUA and FTC (the Agencies) jointly issued the final rules and guidelines implementing section 114 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) and final rules implementing section 315 of the FACT Act.
So, what does this mean to my bank?
Every financial institution or creditor that offers or maintains covered accounts must develop and implement a written Identity Theft Prevention Program that is designed to detect, prevent, and mitigate identity theft in connection with the opening of a covered account or any existing covered account by November 1, 2008.
Read full story from bankwide.com
Comments
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| The Inevitable Collapse of China's Banks (from Jul '07) | 49 min | Veritas | 251 |
| Investors accuse Citi execs of "suspicious" trades | 1 hr | Just An Obse... | 1 |
| Reports: Citigroup top execs to give up bonuses | 1 hr | abc | 11 |
| School District to Bailout: We Want In | 2 hr | Greg | 15 |
| PFF now U.S. Bank | 3 hr | Fred | 11 |
| BG needed | 4 hr | Dale | 1 |
| Regulators OK plan to stabilize giant Citigroup | 5 hr | Gomer | 39 |
Sagittarius
Most Popular