October 2007
Monthly Archive
The Facts About FACTA
Posted on Oct 31 2007 | Tagged as: Guidance, Policy
Regulatory agencies have issued guidance for implementing the Identity Theft Red Flags and Address Discrepancies requirements of Sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACTA). The rules require development and implementation of an Identity Theft Prevention Program.
The Program must include policies and procedures for detecting, preventing, and mitigating identity theft. The rules are effective January 1, 2008 and all financial institutions must be in compliance no later than November 1, 2008.
Rofkahr Consulting can help your organization ensure that it’s compliant by the deadline. Contact us for more information HERE.
The full 125 page FACTA policy document can be found HERE.