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Federal Trade Commission's Red Flags Rule: What This Means to Collection Agencies and Law Firms!

Thursday, May 27, 2010
12:00 p.m. Eastern/11:00 a.m. Central/10:00 a.m. Mountain/9:00 a.m. Pacific

The FTC Web site tells us that ‘The “Red Flags” Rule, requires many businesses and organizations to implement a written Identity Theft Prevention Program designed to detect the warning signs – or “red flags” – of identity theft in their day-to-day operations, take steps to prevent the crime and mitigate the damage it inflicts.’ Seemingly simplistic in its wording, the real challenge is determining who must comply with the Red Flags Rule, what is a “covered account” and what must be done to ensure compliance. Collection agencies are “service providers” under this Rule and must either create a Red Flags Program independently or be prepared to comply with each of your clients’ Red Flags Programs. In addition, many clients will come to the collection agency or collection law firm for assistance in understanding the Red Flags Rule and formulating an appropriate program. Although the Federal District Court has determined that law firms do not need to comply with the Red Flags Rule (currently under appeal), it is still important for law firms to understand the Rule in order to properly guide their clients.

This teleseminar will provide collection agencies and collection law firms with the information necessary to understand the Red Flags Rule and prepare the appropriate program or assist your clients in preparing the appropriate program. 

Speaker Wanda Borges, ESQ., is the principal member of Borges & Associates, LLC, a law firm based in Syosset, New York. For more than thirty years, Ms. Borges has concentrated her practice on commercial litigation and creditors rights in bankruptcy matters, representing corporate clients and creditors’ committees throughout the United States in Chapter 11 proceedings, out of court settlements, commercial transactions and preference litigation. She is a Past President of the Commercial Law League of America and has been an Attorney Member of its National Board of Governors. Borges is an associate member of the International Association of Commercial Collectors, a member of the American Bar Association, the American Bankruptcy Institute, the Hispanic National Bar Association and the Turnaround Management Association.

Download a printable registration form

All IACC Teleseminars last 90-minutes and include supplemental materials along with question and answer time at the end. All registrations are per connection, have your whole office participate for one low fee.

Your registration fee includes one telephone connection and one full set of materials per site. One registration fee per location.

Please Note: Teleseminar confirmations and packets will be accessed through E-mail.

Teleseminar Fee:

• IACC Member $89
• Non member $139

Cancellations: must be received no later than 48 hours prior to the Teleseminar. Please note that if you don't cancel and don't attend, you are still responsible for full payment. IACC reserves the right to cancel or modify the program or substitute speakers. If IACC should cancel the program, registrants will receive a full refund.

All registrations and payments must be received by 12:00 Noon (Central), Monday, May 24, 2010. Any registrations received after that time will not be given access to the teleseminar. We apologize for any inconvenience, but this deadline is necessary to provide accurate registrant information to the conference service vendor.

Prepayment is required for all IACC Teleseminars & meetings.

Questions? iacc@commercialcollector.com