FACT Act

The Identity Theft Red Flags Rules of the FACT Act require a financial institution or creditor to develop and implement an Identity Theft Prevention Program (ITPP) to protect their customer “covered” accounts. Covered accounts include mortgage and automobile loans, and credit card, margin, cell phone, utility, checking or savings accounts. Also included are small business or sole proprietorship accounts.

Under the new rules, ITPPs have to include procedures to detect, prevent and mitigate identity theft by identifying relevant patterns, practices and activity that are “red flags” signaling possible identity theft.

The compliance deadline for establishment of an ITPP is May 1, 2009. Noncompliance could result in fines, penalties and potential reputational damage.

Worried about your ITPP facing examination by the regulatory boards?

Contact the experts at Jefferson Wells. We’ve assisted organizations with compliance and the core components of the Identity Theft Red Flags Rules for more than 10 years.

Below you will find the materials from the recent Webcast regarding the FACT Act Regulation, please feel free to download the materials and listen at your convenience.

If you are interested in more information about Jefferson Wells, please contact your local office to speak with a Business Development Manager.

RECORDED WEBCAST SUMMARY

Title:	Fact Act Webcast
Date:	October 15, 2008
Duration:	49 minutes
Link to the Recording:	https://jeffersonwells.on.intercall.com/confmgr/view_stored_doc.jsp?docId=99231178055503317085692333150&docType=recording
Password:	FactAct-10-15

TECHNICAL SUPPORT

If you have any issues accessing this recorded web meeting, please contact technical support at:

· U.S. and Canada: 877.549.2051, +1.303.928.3014 or webmeetingsupport@intercall.com

· EMEA: +44 1452 556 226 or visual@intercalleurope.com

· APAC: 1800 468 225, +61 2 8295 9000 or profservices@intercallapac.com OR http://www.intercall.com/customer-center/techSupport.php

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Complimentary Download

Identity Theft “Red Flags” Rules

Sarbanes-Oxley. PCI-DSS. You may have met these compliance challenges, but are you prepared to tackle the Identity Theft “Red Flags” Rules of the Fair and Accurate Credit Transaction Act?