FOR IMMEDIATE RELEASE
CIC CREDIT, INC Helps Mortgage Companies Gain Red Flag Compliance
Nashville, TN 37212 - [September 24, 2008] - CIC Credit, Inc has partnered with the National Credit Reporting Association, Inc. (NCRA) and NXG Strategies, LLC. (NXG) to present "Bridge to Red Flag Compliance for Mortgage Companies," a Red Flag compliance workshop exclusively available for mortgage companies working with NCRA-participating Credit Reporting Associations. CIC Credit, Inc has sponsored this program to make sure that its mortgage company clients are fully aware of the Red Flag requirements, and able to respond to this legislation in a timely and complete manner.
"Bridge to Red Flag Compliance for Mortgage Companies" provides a concise explanation of FACTA Sections 114 and 315 (the Red Flag Rules), and guides participants through the steps necessary to implement a comprehensive, low-cost plan for the requirements before November 1. The 90-minute workshop includes templates that provide structure for the entire Red Flag compliance process, from current situation analysis and the determination of "covered accounts," to completing and implementing a Red Flag Written Plan.
Upon completion of the workshop, participating mortgage companies will receive a one-year subscription to IDSafeResponse, an emergency breach response program, at no cost. In the event of an information security breach, malicious or accidental, this subscription ensures that breach response and mitigation professionals will develop and implement a response plan tailored to the situation within 48 hours of the reported event, supporting GLBA Emergency Incident Response Planning and state-required Data Breach Notification.
Mortgage companies also will receive a quarterly newsletter, complete with the most up-to-date information to keep their Red Flag Written Plans in compliance with the legislation's requirements.
To assist mortgage companies and other creditors comply with Red Flag by November 1 without rushing into long-term contracts, NXG Strategies has developed the IDSafeChoice Red Flag Bridge. This turn-key solution for identity theft detection, prevention and mitigation is a low-cost, no set-up program that provides creditors with Red Flag compliance while maintaining a flexible contract term. This gives these companies time to compare programs, budget appropriately, or develop a long-term Red Flag compliance strategy.
CIC Credit, Inc is looking forward to assisting its mortgage company clients fully understand and meet the requirements of the Red Flag Rules. For more details about "Bridge to Red Compliance for Mortgage Companies" and how to participate, mortgage companies are encouraged to contact NXG Strategies at 615-823-1311 or redflag@nxgstrategies.com.
To view a schedule of upcoming webinars or to register, visit http://nxgstrategies.webex.com. For more details about FACTA Section 114, visit www.redflagrules.net.
About CIC Credit, Inc
CIC offers a wide range of credit products from single credit files to 3 bureau-merged files on a national level. We also offer tenant screening services and pre-employment screening with national criminal searches, social searches, MVR's and much more. CIC now has bilingual staff members to assist you with your Spanish-speaking applicant needs.
www.ciccredit.com
Contact:
Mike Thomas - Operations Manager
615-386-2285
mthomas@ciccredit.com
About The National Credit Reporting Association, Inc.
The National Credit Reporting Association (NCRA) is a national trade organization of consumer reporting agencies and associated professionals that provide products and services to hundreds of thousands of credit grantors, employers, landlords and all types of general businesses. The NCRA requires its members to comply with federal and state applicable laws, including the Fair and Accurate Transactions Act (FACTA), as well as guidelines established in the NCRA Code of Ethics.
(www.ncrainc.org)
Contact:
Terry Clemans - Executive Director
630-539-1525
About NXG Strategies, LLC
NXG Strategies (NXG) is a pioneer in identity theft resolution services, and a national authority on identity theft and corporate information breach. Through its international network of marketing partners, NXG helps businesses combat identity theft. NXG evaluates security strategies and designs solutions resulting in consumer acquisition and retention, consumer protection, and Red Flag compliance. (www.nxgstrategies.com)
Contact:
Sally King - Chief Operating Officer
615-823-1311
sally.king@nxgstrategies.com
# # #
;)
;)
