Every financial institution must develop and implement a written identity theft prevention program that is designed to detect, prevent, and mitigate identity theft in connection with the opening of an account. This course discusses the information you need to implement and maintain a fully compliance program at your bank. This course is intended for all personnel of the bank including, frontline, lenders, operations, and compliance. Course length ≈ 50 minutes.

• Explain the necessary components of a Red Flags Identity Theft Prevention Program
• Establish a Red Flags Identity Theft Prevention Program at your bank
• Understand the change of address policies your bank is required to have as a part of its Red Flags Identity Theft Prevention Program Implement proper Red Flags Identity Theft Prevention Program training policies for staff at your bank

• Overview
• Identity theft
• Accounts
• Covered accounts
• Red flags
• Establishing the Program
• Requirements
• Elements of the program
• Updating the program
• Administration of the program
• Guidelines
• Other applicable legal requirements
• Change of Address Requirements
• Change of address rules
• Duties of users regarding address discrepancies
• Disposal of consumer information
• Recordkeeping and Enforcement
• Recordkeeping
• Enforcement
• Penalties for non-compliance
• Fraud Alerts
• Access to free reports
• One-call fraud alerts
• Extended alert
• Active duty alerts
• Examples
• Alerts, notifications or warnings from a consumer reporting agency
• Suspicious documents
• Suspicious personal identifying information
• Unusual use of, or suspicious activity related to, the covered account
• Notice of possible identity theft

CPE(s): 1.0 Hours