Red Flags/Identity Theft Prevention | compli.com

Compli Red Flags Program

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 Program was developed in consultation with Hudson Cook, LLP, a leading provider of legal services to the consumer finance industry. The Compli Program provides businesses the ability to draft, rollout, train, monitor and report on their unique Red Flags Program. For all Compli clients we are including, at no additional cost, this comprehensive Red Flags solution as part of our core compliance package.