Your Source for FACT Act Identity Theft Red Flags Information and Solutions

The new FACT Act (FACTa) Red Flags regulations require you to create a comprehensive Identity Theft prevention program to bring your institution into compliance with the FACT Act Red Flags provisions. It’s critical to obtain FACT Act Red Flags information and solutions from a source you trust to help you prepare for and comply with these new identity theft regulations.

By working with Wolters Kluwer Financial Services to develop your Red Flags Identity Theft program, you’ll gain trusted, convenient, and practical advantages. We’ll help you understand the requirements, develop your policies, train your staff, and implement the software solutions you need for a strong FACT Act Red Flags Identity Theft compliance program.

On this site, you’ll find FACT Act Red Flags news and information; policy development products; program development assistance; staff training; automated Red Flags compliance software, and paper solutions. Let us help you knowledgably and quickly bring your institution into compliance with the new FACT Act Red Flags identity theft regulations.

 

 

 

Banking regulators issued final regulations—with a mandatory compliance date of November 1, 2008—to implement Section 114 and 315 of the Fair and Accurate Credit Transactions (FACT) Act.

There are three new regulations. The focus of the Red Flags Resource Center is on the regulation that requires financial institutions or creditors to develop and implement an Identity Theft Prevention Program in connection with both new and existing accounts. To comply with the FACT Act Red Flags regulations, the identity theft program must include reasonable policies and procedures for detecting, preventing, and mitigating identity theft.

View the official FACT Act Red Flags regulations to learn more.