WVML Press
New federal regulations, known as “red flag rules”, require financial
institutions and creditors to develop and implement written
identity-theft-prevention programs. Because of the definition of
“creditor”, many municipalities may be affected by these regulations.
A municipality that provides a service to customers and collects payment later must comply with the red flag rules. The
red flag rules are part of the federal Fair and Accurate Credit
Transactions (FACT) Act of 2003. Under these regulations, financial
institutions and creditors with covered accounts must have
identity-theft-prevention programs in place by November 1, 2008 to
identify, detect and respond to patterns, practices, or specific
activities that could indicate identity theft.
Housing Stimulus Legislation Signed Today Has Added Bonus: New FHLBank Powers to Boost Low-cost Financing of Public Projects- The housing stimulus legislation signed into law today by President Bush contains a little-mentioned but significant provision to assist public projects across the Mountain State.
Read more: Housing Stimulus Legislation Signed Today Has Added Bonus
NLC CitiesSpeak
- Avoiding the Funding Cliff: Exploring New Infrastructure Funding Sources
- Congress Allows $36B in Transportation Cuts as Reauthorization Efforts Stalls
- Leadership in Action: A University Communities Council Experience
- Housing Is a Team Sport: Turning Housing Policy into Homes
- Step Up and Lead NLC’s Small Cities Council
- Local Economies in Motion: Preparing for Technology and Automation Transitions