Red Flag Rules

A Red Flag is a warning signal to your company that indicates that the
person applying for credit may not be who they say they are.

Understanding Compliance Requirements and Identifying YOUR
Responsibilities. If your company maintains financial information
on consumers, then you are subject to the mandate. Requirements are:

  • Develop and follow a clear verification process that help spot and avoid ID Theft
  • Create a written policy outlining your process and have it approved by your Board of Directors
  • Apply your process to daily business practices
  • Follow your process in every transaction where credit is pulled, or where other FCRA data is accessed
  • We offer the Level One Authentication report for this requirement