Developing and implementing an Identity Theft Prevention Program

by Keir Breitenfeld 1 min read March 25, 2009

If the business is a creditor or a “financial institution” (defined as a depository institution) that offers covered accounts, you must develop a Program to detect possible identity theft in the accounts and respond appropriately. The federal banking agencies, the NCUA and the FTC have issued Guidelines to help covered entities identify, detect and respond to indicators of possible identity theft, as well as to administer the Program.

A copy of the Red Flag Guidelines can be found:
Federal Reserve Board – 12 C.F.R. pt 222, App. J
Federal Deposit Insurance Corporation – 12 C.F.R. pt 334, App. J
FTC – 16 C.F.R. pt 681, App. A
NCUA – 12 C.F.R. pt 717, App. J
Office of the Comptroller of the Currency – 12 C.F.R. pt 41, App. J
Office of Thrift Supervision – 12 C.F.R. pt 571, App. J

Related Posts

Building Financial Opportunity Through Purpose-Driven Partnership

Discover how the National Urban League and Experian partner to expand financial literacy and create economic opportunity.

August 6, 2026 by Scarlet Nickel
2026 U.S. Identity and Fraud Report 

Explore key findings and insights from our newly released 2026 U.S. Identity and Fraud Report. Read more now!

August 5, 2026 by Laura Burrows
How ChexSystems Strengthened Consumer Fraud Monitoring with Experian

Learn how ChexSystems and Experian help financial institutions strengthen consumer fraud monitoring and build customer trust.

August 4, 2026 by Scarlet Nickel

Subscribe to our Newsletter

Enter your name and email for the latest updates.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Subscribe to our Newsletter

Don't miss out on the latest industry trends and insights!
Subscribe