The Fair and Accurate Credit Transactions (FACT) Act requires financial institutions with covered accounts to develop and implement a written identity theft prevention program designed to detect, prevent, and mitigate identity theft in connection with opening new accounts and operating existing accounts.

Learn More

• Fighting Fraud with the Red Flags Rule: A How-To Guide for Business (Federal Trade Commission)
• Final Rule: Identity Theft Red Flags and Address Discrepancies (OCC)