Every financial institution must develop and implement a written identity theft prevention program that is designed to detect, prevent, and mitigate identity theft in connection with the opening of an account. This course discusses the information you need to implement and maintain a fully compliance program at your bank. This course is intended for all personnel of the bank including, frontline, lenders, operations, and compliance.
Learning Objectives:
- Explain the necessary components of a Red Flags Identity Theft Prevention Program
- Identify the red flag categories and types
- Understand the different types of alerts on consumer reports and how to handle them if they appear
- Comply with the requirements for address discrepancies and changes
Course Outline:
- Definitions
- The Program
- Reg Flag Categories
- Alerts
- Address Requirements
Rev–Jun. 2019. Course length ≈ 30 minutes.
This course is worth 0.5 CPE credit.
