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ABA: The American Bankers Association
Compliance News

Bureau Releases ID Theft Protection Guide

The Bureau released Identity Theft Protection Guide to offer suggestions on ways to guard consumers against identity theft. The guide offers five ways to protect consumers from identity theft: first, if you suspect that your personal information was exposed in a data breach, consider placing a freeze on your credit reports; second, review your financial statements regularly; third, review your credit reports at least once a year; fourth, consider a fraud alert to add an extra layer of protection to your credit report; and finally, consider using identity and credit monitoring services to scan your credit reports and alert you when a change occurs.