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Highlights:
- On November 15, 2007, the FDIC issued a final rule and guidelines addressing identity theft red flags, address discrepancies, and change of address requests (see FIL-100-2007, dated November 15, 2007).
- The FDIC has published the attached FAQs to assist financial institutions in conforming with the regulation and guidelines.
- The FAQs are divided into four sections and include answers to questions concerning:
- the scope of the regulation,
- the definition of "covered account," the definition of "service provider,"
- types of notices of address discrepancy that trigger the rule, and
- furnishing a confirmed address to a consumer reporting agency.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Compliance Officer
Chief Information Security Officer
Related Topics:
FIL-100-2007, Identity Theft Red Flags, November 15,
2007
Attachment:
Frequently Asked Questions:
Identity Theft Red Flags and Address Discrepancies
"Frequently Asked Questions: Identity Theft Red Flags and
Address Discrepancies" - PDF (PDF Help)
Contacts:
Jeffrey Kopchik, Senior Policy Analyst, at
jkopchik@fdic.gov or (202) 898-3872; or Richard Schwartz,
Counsel, at rischwartz@fdic.gov or (202) 898-7424
Printable Format:
FIL-30-2009 - PDF (PDF Help)
Note:
FDIC financial institution letters (FILs) may be accessed
from the FDIC's Web site at
www.fdic.gov/news/news/financial/2009/index.html
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be
obtained through the FDIC's Public Information Center,
3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-
275-3342 or 703-562-2200).
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