Identity Theft Red Flag Guidelines Web Seminar
February 14 • 1:30 – 3:30 p.m.
On November 9, 2007 regulatory agencies published final regulations implementing Section 114 (Red Flag Guidelines) and Section 315 (Reconciling Address Discrepancies) of the FACT Act. Compliance is mandatory by November 1, 2008. The program must be in place as soon as possible. Completion will take several months. Additionally, bank customers are losing substantial amounts of money as a result of identity theft. Those who use credit reports need policies and procedures to use when they receive a notice of address discrepancy from a consumer reporting agency. The user must form a reasonable belief that the report relates to the consumer and furnish a confirmed address to the reporting agency.
Compliance will require a substantial investment of time. Upon completion participants will understand how to:
• Reconcile address discrepancies;
• Develop an Identity Theft Prevention Program;
• Identify covered accounts;
• Detect the Identity Theft Red Flags when opening accounts, making a loan, or in connection with any existing account or loan and more.
2008 IRA Essentials & Beyond the Essentials
The IBA will offer several IRA seminars designed to educate those new to IRAs as well as experienced bankers.
IRA Essentials offers a learning experience for individuals who are new to IRAs and for those looking for a general IRA refresher. Attend any of the three sessions: February 26 in Storm Lake, February 27 in Johnston or February 28 in Cedar Rapids.
2008 Beyond the Essentials: Moving IRA Assets provides detailed information on complex IRA portability issues. Individuals attending this seminar will learn more than just the basics of moving IRA assets. Attend any of the three sessions: March 11 in Storm Lake, March 12 in Johnston or March 13 in Cedar Rapids.
For more information, contact the IBA’s Pam Peterson at 800.532.1423 or email pampeterson@iowabankers.com. Registration materials are available in this week’s edition of Extras or online at www.iowabankers.com.
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