NMU's Compliance Database - Northern Michigan University

Amends the Fair Credit Reporting Act. Requires that each financial institution or creditor that offers or maintains one or more covered accounts must develop and implement a written Identity Theft Prevention Program (Program) that is designed to detect, prevent, and mitigate identity theft in connection with the opening of a covered account or any existing covered account. The Program must be appropriate to the size and complexity of the financial institution or creditor and the nature and scope of its activities. Limits the ways consumer information can be shared.