FTC’s Red Flag Rules to Curb Identity Theft Set to Take Effect

Nick Fishman

The FTC’s “Red Flag” mandate to curb identity theft is set to take effect on November 1, 2009, one full year after the original policy was to be enforced. It appears that after many delays, the government is finally ready to take action.
Creditors and Financial Institutions must develop and implement a written Identity Theft Prevention Program.

Further, all employers that conduct background checks are supposed to have a policy in place to handle “Red Flag” Address Discrepancy Notifications from the National Consumer Reporting Agencies (mainly credit bureaus). This rule has been in effect since last November and we are still unclear what such notifications will look like when and if they occur.

For more information on these guidelines and how to comply check out:

Users of Consumer Reports Have New Responsibilities as of November 1
EmployeeScreenIQ Offers Free Webinar on New FTC Guidelines

Nick Fishman
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Nick Fishman

Nick Fishman is the co-founder of EmployeeScreenIQ, a leading, global employment background screening provider, and serves as the company’s executive vice president and chief marketing officer. He pioneered the creation of EmployeeScreen University, the #1 educational resource on employment background checks for human resources, security and risk management professionals. A recognized industry expert, Nick is a frequent author, presenter and contributor to the news media. Nick is also a licensed private investigator in the states of Ohio and Texas.
Nick Fishman
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