H.R.3763 - To amend the Fair Credit Reporting Act to provide for an exclusion from Red Flag Guidelines for certain businesses.

Official Summary

10/8/2009--Introduced.Amends the Fair Credit Reporting Act with respect to the duties of users of consumer reports who take adverse actions on the basis of information contained in such reports. Excludes any health care practice, accounting practice, or legal practice with 20 or fewer employees from the meaning of creditor subject to Red Flag Guidelines regarding identity theft promulgated by the proper federal financial regulatory agency. Excludes any other business which the Federal Trade Commission (FTC) determines:
(1) knows all its customers or clients individually;
(2) only performs services in or around the residences of its customers; or
(3) has not experienced incidents of identity theft, and identity theft is rare for businesses of that type. States that such exclusion shall no longer apply to any business that can no longer meet such eligibility criteria.

If this bill passes it will exclude about 90% of healthcare professionals from having to comply with the FTC's Red Flags Rule Amendment to the Fair and Accurate Credit Transactions Act (FACTA). I have added a widget on the top of the blog so if you are interested, you can follow this bill by visiting my blog.

Enforcement of the Red Flags is to begin on11/01/09. 


To learn more about Identity Theft and what to do if you are a victim, visit www.StopIdTheftCrime.com and subscribe to the newsletter to obtain your free 46 page eBook "Fighting Back Against Identity Theft".

Remember, estimates are that every 2-4 seconds an Identity is compromised. Why take chances? Why not protect yourself and your loved ones with the best suite of services provided (including restoration) by the best NYSE company in the field? Educate yourself and visit the shameless plug below or call me at (909) 208-3728!

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Sixty-six percent of U.S. adults say they worry "frequently" or "occasionally" about being a victim of identity theft

Being a victim of car theft or home burglary when away rank a distant second

by Lydia Saad

PRINCETON, NJ -- Identity theft debuts on Gallup's Crime survey as Americans' top-ranked crime concern. Sixty-six percent of U.S. adults say they worry "frequently" or "occasionally" about being a victim of identity theft, higher than the reported anxiety about 11 other types of crime and the only crime that a majority worry about at least occasionally.

Gallup trends measuring Americans' fear of being victims of specific crimes date back several decades, but for each of 10 crimes, the question has been updated annually on Gallup's Crime survey since 2000. Terrorism was added to the list in 2001, and 2009 marks the first year identity theft has been included.

Men and women are about equally likely to say they worry about identity theft, but there are differences by income. Americans in households earning less than $30,000 per year are significantly less likely to say they worry frequently or occasionally about this crime than are those making higher amounts.

However, other data in the Oct. 1-4 survey suggest that identity theft is not related to income. According to respondents' self-reports of their crime victimization in the past year, 12% of low-income Americans -- identical to the percentage in high-income households -- say that they or another member of their household was the victim of identity theft in the past year. (Full report at www.gallup.com)

There is one comment in Lydia Saad's story that is incorrect. She wrote: "Although most victims can quickly undo the damage by canceling their credit cards,..." This may be true for some financial identity theft but financial only is about 22-25% of all identity theft. Canceling a credit card will not help if you are a victim of social security, drivers license, criminal or medical identity theft which was up 400% last year.

That is why when obtaining Identity Theft protection, choose a company that offers restoration for all areas of id theft such as the one I offer. Visit my shameless plug below for more information. And we also now protect child identities.

To learn more about Identity Theft and what to do if you are a victim, visit www.StopIdTheftCrime.com and subscribe to the newsletter to obtain your free 46 page eBook "Fighting Back Against Identity Theft".

Remember, estimates are that every 2-4 seconds an Identity is compromised. Why take chances? Why not protect yourself and your loved ones with the best suite of services provided (including restoration) by the best NYSE company in the field? Educate yourself and visit the shameless plug below or call me at (909) 208-3728!

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the Best Identity Theft Protection available dot com