Yesterday, the Federal Trade Commission (FTC) stated they would suspend enforcement of the new "Red Flags Rule" until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written Identity Theft Prevention Programs.  This does not affect the other federal agencies' (FDIC, OCC, Federal Reserve, OTS, & NCUA) enforcement of the original November 1, 2008 deadline. 

To read the new Identity Theft Red Flags rules and guidelines go to


The Dallas Region of the FDIC conducted a conference call today (October 8, 2008) entitled "ID Theft Responsibilities - FACTA Red Flag Guidance."  The call consisted of a presentation including an overview of the regulation and guidelines, exam procedures, and what examiners will be looking for, followed by a question and answer session.  The FDIC presenters were:

  • James Brignac, Regional Office IT Examination Specialist - Risk Management
  • Jeff Kopchik, Technology Supervision Branch Senior Policy Analyst

The call was not recorded, but attached you will find a copy of the PowerPoint slides used during the call in Adobe pdf format.

FACTA ID Theft presentation.pdf (165.52 kb)


CoNetrix is pleased to announce the CoNetrix Identity Theft Prevention Program online solution is a candidate for the BankNews 2008 Innovative Solutions Award.

The Innovative Solutions Award, sponsored by BankNews, recognizes companies that have introduced or enhanced a product or service designed to help banks better serve their customers.  Entries are divided into four categories:

  1. Architectural/Equipment Solutions
  2. Consulting/Outsourcing/Training Solutions
  3. Management Software Solutions
  4. Online/Remote/Mobile Solutions

CoNetrix solution "Identity Theft Prevention Program" is listed under category 4 "Online/Remote/Mobile Solutions".

To vote now, go to

To learn more about the Innovative Solutions Award, visit



The OTS presented a live, ninety-minute, telephone briefing today (Monday, August 11, 2008) beginning at 2:00pm Eastern Time on the new Identity Theft Rules and Guidelines that go into effect on November 1, 2008.  The presentation went through a review of the rules and guidelines, exam procedures, and answered questions.  Below are links to two of the PowerPoint's used during the briefing: