To combat identity theft, the Red Flags Rule requires all financial institutions and creditors to develop and implement a written identity theft prevention program. CompliancePal produces your:
- Identity Theft Risk Assessment
- Mapping of Red Flags to Appropriate Detection & Response Procedures
- Written Identity Theft Prevention Program
- Training Program
- Compliance Status Report
- In other words...EVERYTHING you need to comply!
CompliancePal is powered by FIS Compliance Coach, a solution providing risk assessment software, e-learning and other tools that enable compliance with applicable laws and regulations. Over 1,500 financial institutions and creditors throughout the U.S. – plus all three banking regulatory agencies: the FDIC, OCC, and FRB – rely on Compliance Coach to manage risk more effectively and pass regulatory examinations with ease.