The FTC has delayed enforcing the Red Flags rules until May 1 to give lenders more time to comply. According to Wolters Kluwer, the Tool Kit provides lenders and brokers with what it says is a more straightforward approach to developing and implementing their identity theft prevention programs required by the rules.
The kit features streamlined Red Flag Rules policy development through the company's PRINGLE Policies & Audit Procedures software, which includes a sample Red Flags policy that lenders and brokers can tailor to their own specific requirements; specially designed Red Flags forms and checklists for assessing the impact and risk related to the new requirements, as well as tracking Red Flag responses; and employee training for mortgage lenders via an instructional video and a self-directed learning module from Wolters Kluwer Financial Services' online training library.
