MADISON, Wis. (8/23/10)--The Federal Trade Commission has estimated that nine million Americans have their identities stolen each year. To help credit unions become more educated on fraud, the Credit Union National Association has updated its Identity Theft Red Flags Training on Demand to incorporate this year’s regulation changes. With “Identity Theft: Red Flags Training on Demand,” participants will learn to:
* Recognize the consumer safety goals of the Fair and Accurate Credit Transaction Act; * Define and describe the four elements of the Red Flags rules; * Describe how to address discrepancies; and * Explain how extended fraud alerts and active duty alerts help to protect members from identity theft.
Training on Demand is a downloadable, video training tool with a 30- to 45-minute expert presentation on credit union topics. It also includes five online exams. CUNA also has incorporated 2010 regulation changes into its CPDOnline RegTraC courses.