WASHINGTON — Credit unions working to comply with the new federal law on identity theft protection can get help from a free Web site launched Wednesday by Wolters Kluwer Financial Services.
The Red Flag Resource Center will include articles, blogs, and other information to help credit unions and other financial institutions develop policies and train their employees.
The site is: http://www.wolterskluwerfs.com/info/redflagrc/index.html?WT.mc_id=534
Recommended For You
By November 1, all financial institutions must comply with the Fair and Accurate Credit Act's Red Flag Rules which includes implementing a comprehensive identity theft prevention program.
The new site will help financial institutions "solidify compliance with the new requirements so they are prepared for the regulatory review come Nov. 1," said Todd Cooper, vice president and general manager of the company's financial intelligence unit.
Another provision of the law requires issuers of debit or credit cards to assess the validity of a change of address if they receive notification of a change of address for a consumer's debit or credit card account and, within a short period of time afterward they receive a request for an additional or replacement card for the same account.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
