Red Flags/Identity Theft Prevention | compli.com

Compli Red Flags Toolkit

As part of a mandate from the Fair and Accurate Credit Transactions Act,  businesses that hold consumer accounts (such as loans) must establish a written Identity Theft Prevention Program. Companies failing to create and maintain a good faith compliance effort around a Red Flags program run the risk of fines for each violation of the law and exposure to a public relations disaster.

The program includes:

• Overview Training to Red Flags Rule
• Employee Training Template
• Red Flags Risk Assessment
• Identity Theft Incident Report
• Red Flags Program Template
• Red Flags Policy for Employees
• Sample Red Flags and Responses
• Reference Material

The Compli Red Flags Identity Theft Protection Toolkit was developed in consultation with Hudson Cook, LLP, a leading provider of legal services to the consumer finance industry. The Compli Toolkit provides businesses the ability to draft, rollout, train, monitor and report on their unique Red Flags program.