Red Flags Tool Kit—One Source for Your Identity Theft Program

There are many things to consider when it comes to the newly issued regulations for the Fair and Accurate Credit Transactions Act (FACT Act or FACTA) Red Flags Rule. It’s important to obtain information and solutions you trust to help you prepare for and comply with the FACTA Red Flags requirements.

Wolters Kluwer Financial Services can help you better understand the FACT Act Red Flags requirements, develop your identity theft policies and programs surrounding the regulations, train your staff, and implement the solutions that can help you comply with transactional requirements.

Red Flags Tool Kit Components

Address the development and management of your FACT Act Red Flags identity theft compliance program—understanding the FACTA Red Flags guidelines and steps to develop your program, employee training, risk assessment tools, policies and audit procedures, and tracking Red Flag responses—all with one resource, our Red Flags Tool Kit; a package of five CD-ROMs, including:

1. Video Training: Implementing the Identity Theft Red Flag Guidelines

This recorded training webinar helps you better understand the new FACT Act Red Flags rule, as well as what constitutes a Red Flag, what systems must be in place to detect Red Flags, what elements does your identity theft program need, training your staff, and more.

2. Video Training: Developing Your Identity Theft Red Flag Program

This recorded training webinar helps you develop your FACT Act Red Flags identity theft Program with valuable information regarding the requirements, best practices and approaches to risk assessment, Red Flag detection, documentation, and maintenance of your program. It also discusses the appropriate responses to Red Flags that arise and more.

3. Forms and Tools

Our Red Flags paper products help you comply with FACTA Red Flags recording and reporting requirements.

• Red Flags Tool Kit User Guide
• Red Flags Risk Assessment for Covered Accounts
• Red Flags Relevance Form
• Identity Theft Red Flags Checklist—to record identity theft detection
• Identity Theft Red Flags Response Form— to document responses when a Red Flag is detected
• Resolution of Address Discrepancies Form— to document how you deal with a discrepancy between the address listed for an applicant and the address that a consumer reporting agency has on file for that person
• Red Flags Training Record

4. Policy Development—PRINGLE® Policies & Audit Procedures

To help you develop your policy, we’ve developed a sample FACT Act Red Flags policy that you can tailor to fit your institution’s specifications.

5. Compliance University™ Module: FACT Act Identity Theft Red Flags

An interactive training course to help inform and educate your employees on the Red Flag Rules in the Fair Credit Reporting Act (FCRA) and the FACT Act.

All of these solutions are also available individually. But, you receive a substantial discount by purchasing them together in this convenient package.

To receive more information about our Red Flags Tool Kit, Click Here