• Federal Regulations Mandate Utilities Adopt Identity Theft Protection Policies
  • November 3, 2009
  • Law Firm: Barnes & Thornburg LLP - Indianapolis Office
  • Congress enacted the Fair and Accurate Credit Transaction Act in 2003 to help combat rising identity theft crimes. The Federal Trade Commission (FTC) was enlisted by Congress to help combat identity theft by adopting regulations that would require creditors to develop policies to "red flag" identity theft involving their accounts or customer information. The ┬┐Red Flag Rules┬┐ adopted by the FTC impose three principle obligations on creditors.