Addressing Red Flags compliance
Thomas Varghese, vice president of product management, Oracle
January 28 2009
The Federal Trade Commission has instituted new regulations known as "Identity Theft Red Flags" that promise to mitigate the havoc posed by identity theft to financial institutions and their customers. Effective May 1, 2009, these new regulations require financial institutions and creditors with covered accounts to implement programs that detect, prevent, and mitigate instances of identity theft.
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