facta red flag: FTC Delays FACTA Red Flag Enforcement
- 07/29/09 07:51 AM
FTC Announces Expanded Business Education Campaign on 'Red Flags' RuleTo assist small businesses and other entities, the Federal Trade Commission staff will redouble its efforts to educate them about compliance with the "Red Flags" Rule and ease compliance by providing additional resources and guidance to clarify whether businesses are covered by the Rule and what they must do to comply. To give creditors and financial institutions more time to review this guidance and develop and implement written Identity Theft Prevention Programs, the FTC will further delay enforcement of the Rule until November 1, 2009.The entire press release is available at http://www.ftc.gov/opa/2009/07/redflag.shtm … (0 comments)
Red Flag requirements take effect August 1, 2009 requiring more than 2,000,000 entities - virtually all types of lender including banks, credit unions, mortgage brokers and lenders, auto/motorcycle dealers, utility companies and cell phone providers take significant steps to detect and prevent identity theft. Credit Technologies provides a simple, free way for mortgage professionals to learn how to comply with FACTA section 114 (commonly referred to as the "Red Flag" rules.) EasyRedFlag is a fully interactive webinar-style training course designed to dramatically simplify FACTA Red Flag compliance - and is provided free of charge to all mortgage professionals. This interactive on-line course teaches you … (2 comments)
FTC Announces Expanded Business Education Campaign on 'Red Flags' RuleTo assist small businesses and other entities, the Federal Trade Commission staff will redouble its efforts to educate them about compliance with the "Red Flags" Rule and ease compliance by providing additional resources and guidance to clarify whether businesses are covered by the Rule and what they must do to comply. To give creditors and financial institutions more time to review this guidance and develop and implement written Identity Theft Prevention Programs, the FTC will further delay enforcement of the Rule until November 1, 2009.The entire press release is available at http://www.ftc.gov/opa/2009/07/redflag.shtm
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