Introduction

In response to the growing threat of identity theft, the United States Congress passed the Fair and Accurate Credit Transaction Act of 2003 (FACTA) identified as Public Law 108-159.  This amendment to the Fair Credit Reporting Act charged the Federal Trade Commission with promulgating rules regarding identity theft.  The final rules, known as “Red Flag” rules, which had an effective date of November 1, 2008 and are identified as 16 CFR 681. These rules, implementing sections 114 and 315 of FACTA, required certain institutions or creditors to enact certain policies and procedures.

  • Section 17.0
    • 17.1 Background
    • 17.2 Purpose
    • 17.3 Definitions
    • 17.4 Red Flags
    • 17.5 Program Administration