IABFM Publications

OCC Bulletin - Identity Theft Red Flags and Address Discrepancies

by Comptroller of the Currency Administrator of National Banks [More Info]

The proposed regulations include guidelines listing patterns, practices, and specific forms of activity that raise a “red flag” signaling a possible risk of identity theft. An institution or creditor would be required to incorporate into its program those red flags from the guidelines that are relevant to detecting the risks of identity theft to its customers or its own safety and soundness. Given the changing nature of identity theft, an institution or creditor also would be required to incorporate additional red flags on an ongoing basis from its own experiences, supervisory guidance, and other methods of identity theft the institution or creditor has identified.

Access : For Affiliate
Pages : 2
Category : Internet Banking

Cost : Free
Date Published : 2006-07-27