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Article: Countdown to FACT Act Compliance:.
- Article from:
- Business Wire
- Article date:
- October 7, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ID Insight Announces New Program that Allows Banks and Credit Unions to Become FACT Act-Compliant Prior to Nov. 1 Deadline with No Initial Investment
NORTHFIELD, Minn. -- Identity-fraud risk-assessment company ID Insight today announced a new program to help 100 percent of U.S.-based financial institutions comply with the Identity Theft Red Flags Rule of the FACT Act by the Nov. 1 federal deadline. The move came in reaction to a study released by the Tower Group showing that fewer than one-third of financial institutions now say they will meet the impending deadline.
"To say that financial institutions are dealing with a lot these days is a major ...