PeruzeIt

AppOne, a part of Wolters Kluwer Financial Services, is helping automotive dealers and lenders address Identity Theft Red Flags and Notices of Address Discrepancy, more commonly known as ' Red Flag Rules, ' using its Internet-based financial risk mitigation technology. The Federal Trade Commission (FTC) established the Red Flag Rules recently to help combat the nation ' s fastest growing white collar crime - identity theft. The Red Flag Rules are aimed at helping dealerships and lenders detect identity theft by requiring that both establish prevention programs. When it comes to the new Red Flag Rules, lenders and dealers can face steep penalties - in some cases, thousands of dollars per violation - for non-compliance, ' said Lee Domingue, CEO of AppOne.

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Posted Under: Auto Dealers