Summary: | The federal bank, thrift and credit union regulatory agencies and the Federal Trade Commission are requesting public comment on the attached proposed regulation to implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). The proposed regulation would require financial institutions and creditors to adopt reasonable policies and procedures to indicate the possible existence of identity theft and to validate addresses under certain circumstances. Comments are due by September 18, 2006. |
Highlights:
The federal bank, thrift and credit union regulatory agencies and the Federal Trade Commission have published the attached notice of proposed rulemaking to implement sections 114 and 315 of the FACT Act. The proposed rule would establish:
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Additional Related Topics:
- Interagency Guidelines Establishing Information Security Standards, 12 CFR part 364, Appendix B