Bank Regulator Says Banks Must Warn of ID Theft

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009354-bank-regulator-says-banks-must-warn-of-id/

The FDIC on Friday ordered U.S. banks to warn customers of suspected cases of identity theft, one of the fastest-growing types of consumer fraud.

The 5-0 vote by the agency’s board of directors come in the wake of a flurry of announcements of the theft of personal data affecting hundreds of thousands of consumers.

The changes have won approval from the Office of the Comptroller of the Currency and Office of Thrift Supervision, and still require Federal Reserve Board approval. Fed spokesman Andrew Williams said the board is considering the matter.

For this complete story, please visit Bank Regulator Says Banks Must Warn of ID Theft.

Bank Regulator Says Banks Must Warn of ID Theft

Unknown Author

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