Stay Red Flag Compliant: Identity Theft Prevention and Affiliate Marketing Requirements Under FACTA
1 hour 30 minutes
Learn more about identity theft prevention and how to stay compliant with affiliate marketing under FACTA.
The Fair and Accurate Credit Transaction Act (FACTA) amended the Fair Credit Reporting Act to direct the FTC and other federal agencies to establish requirements for financial institutions to establish reasonable policies and procedures to prevent identity theft. FACTA also establishes special and complex rules related to sharing information with affiliates for marketing purposes. The FTC and other regulators actively enforce these requirements. This topic will provide an overview of these requirements with practical compliance tips to help ensure your program is up to speed.
• You will be able to recognize what the red flags are.
• You will be able to define what counts as an affiliate.
• You will be able to review what the notice and opt-out requirements are.
• You will be able to explain red flag compliance programs.