Red Flags Rule: How Do I Implement My Red Flags Rule Program?
by Chelsea Camper | Last Updated April 25, 2012
Now that you have your Red Flags Rule program finalized it’s ready to get it up and running. In this post we’ll go through what you’ll need to do in order to get your plan functioning in your business. Read More…
Red Flags Rule: How Do I Create A Red Flags Rule Program?
by Chelsea Camper | Last Updated April 18, 2012
Creating a Red Flags Rule Program isn’t as hard as it may sound at first, but it can be narrowed down to 2 basic concepts:
- Find the warning signs of identity theft
- Have an effective way of dealing with the warning signs to try to prevent the theft of identity
Red Flags Rule: Do I need a Red Flags Rule Program?
by Chelsea Camper | Last Updated April 11, 2012
One of your first questions after hearing about the Red Flags Rule is, “Do I need a plan?” In this post we’ll try to figure out whether you legally need one or not. Even if you’re not legally required to create a Red Flags Rule plan, it wouldn’t be a bad idea to create one anyway.
As mentioned in the previous post, the Red Flags Rule applies to “Financial Institutions” and “Creditors.” This includes anyone that, as defined by the FTC, “holds consumer accounts designed to permit multiple payments or transactions — or any other account for which there is a reasonably foreseeable risk of identity theft.” Read More…
Red Flags Rule: What is the Red Flags Rule?
by Chelsea Camper | Last Updated April 4, 2012
What is the Red Flags Rule? Who has to follow it? Who’s enforcing it? There are a lot of questions regarding this law, but it’s fairly simple once it’s broken down into bite sized pieces. In this four piece series we’ll cover: Basic questions about the Red Flags Rule, who needs to follow it, how to create your plan to follow the Red Flags Rule, and finally, how to implement your plan.
In this post we’ll be covering some basic questions about the Red Flags Rule. Read More…