Here are the facts: Identity theft is on the rise, reported as the fastest growing crime in America for the 8th year in a row according to the FTC*.  Fraudsters are costing victims billions in losses, more than $45 billion annually*. What does this mean to the financial industry?  A lot. 

The United States government has issued the Identity Theft Red Flags Rule requiring all financial institutions to comply by Nov. 1, 2008.  This rule implements section 114 of the Fair and Accurate Credit Transactions Act (Fact Act).  To combat identity theft, the Identity Theft Red Flags Rule requires financial institutions and creditors to develop and implement a written identity theft prevention program.  All financial institutions that do not comply by Nov. 1, 2008 are entitled to non-compliance penalties.    

How will your financial institution comply?  Your best answer is easily and quickly with Affinion Group’s Red Flags Rule Compliance solution: CompliancePal™ (powered by Compliance Coach). Affinion has partnered with Compliance Coach to bring our partners a one-stop solution. In just 5 easy steps you can quickly get and stay in compliance.

CompliancePal™ is web-based software that requires no installation.  There is no other Red Flags compliance solution in the marketplace like it!  CompliancePal™ is a compliance policy and procedure solution as opposed to a transactional solution.

Gain 24-7 access to all the tools to be in compliance, as well as ongoing updates to stay in compliance, including: 

• The government’s Red Flags

• New Red Flags added regularly

• Identity Theft Risk Assessment

• Mapping of Red Flags to Appropriate Detection and Response Procedures

• Written Identity Theft Prevention Program

• Training Program

• Compliance Status Report

Red Flags Compliance really can be quick and easy! Visit to see a CompliancePal demo.
Ready to check “Red Flags Compliant” off your to-do list? Click here to Sign up now

* Javelin Strategy & Research Report: 2008 Identity Fraud Survey Report