FTC Extends Red Flag Rule Enforcement Till August 1

Posted on May 5, 2009 4:01 PM

The FTC has delayed the enforcement of the new "Red Flags Rule" again.  The new enforecement date is now extended to August 1, 2009.  This does NOT affect other federal agencies' enforcement of the original November 1, 2008 dealine (i.e. FDIC, OCC, Federal Reserve, OTS, NCUA).

To read the Press Release visit http://www.ftc.gov/opa/2009/04/redflagsrule.shtm

FTC Grants a 6 Month Delay of Enforcement of "Red Flags" Rules

Posted on October 23, 2008 8:21 AM

Yesterday, the Federal Trade Commission (FTC) stated they would suspend enforcement of the new "Red Flags Rule" until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written Identity Theft Prevention Programs.  This does not affect the other federal agencies' (FDIC, OCC, Federal Reserve, OTS, & NCUA) enforcement of the original November 1, 2008 deadline. 

To read the new Identity Theft Red Flags rules and guidelines go to http://www.conetrix.com/files/ITPP_Regulation.pdf

FDIC Dallas Region Regulatory Conference Call - ID Theft Responsibilities, FACTA Red Flag Guidance

Posted on October 8, 2008 3:42 PM

The Dallas Region of the FDIC conducted a conference call today (October 8, 2008) entitled "ID Theft Responsibilities - FACTA Red Flag Guidance."  The call consisted of a presentation including an overview of the regulation and guidelines, exam procedures, and what examiners will be looking for, followed by a question and answer session.  The FDIC presenters were:

  • James Brignac, Regional Office IT Examination Specialist - Risk Management
  • Jeff Kopchik, Technology Supervision Branch Senior Policy Analyst

The call was not recorded, but attached you will find a copy of the PowerPoint slides used during the call in Adobe pdf format.

FACTA ID Theft presentation.pdf (165.52 kb)

CoNetrix Red Flag Program a candidate for the BankNews 2008 Innovative Solutions Award

Posted on August 15, 2008 11:49 AM

CoNetrix is pleased to announce the CoNetrix Identity Theft Prevention Program online solution is a candidate for the BankNews 2008 Innovative Solutions Award.

The Innovative Solutions Award, sponsored by BankNews, recognizes companies that have introduced or enhanced a product or service designed to help banks better serve their customers.  Entries are divided into four categories:

  1. Architectural/Equipment Solutions
  2. Consulting/Outsourcing/Training Solutions
  3. Management Software Solutions
  4. Online/Remote/Mobile Solutions

CoNetrix solution "Identity Theft Prevention Program" is listed under category 4 "Online/Remote/Mobile Solutions".

To vote now, go to  http://surveys.verticalresponse.com/a/show/180223/f7c379558a/0

To learn more about the Innovative Solutions Award, visit  http://www.banknews.com/