Louisiana Finance Association

Red Flag Alerts

UPDATE - New enforcement date:

Beginning December 2010, the Federal Trade Commission (FTC) will enforce its Fair and Accurate Credit Transactions Act of 2003 (FACT Act) Red Flags Rule. The Red Flags Rule requires that each "financial institution" or "creditor"—which includes most securities firms—implement a written program to detect, prevent and mitigate identity theft in connection with the opening or maintenance of "covered accounts." These include consumer accounts that permit multiple payments or transactions, such as a retail brokerage account, credit card account, margin account, checking or savings account, or any other accounts with a reasonably forseeable risk to customers or your firm from identity theft.

Your LFA office enlisted the assistance of Kenneth Pickering to develop a comprehensive Red Flag & Identity Theft Prevention Program.  This program is available to LFA members.

To get a copy :
                   1. Sign-in
                   2. Click on FACTA Compliance

Or if you have problems accessing the document on-line please contact our office and we will be happy to send the information via email.