When your BBB® is out in the community making presentations to groups, there is almost always at least one person who has been the victim of identity theft. For many victims, it is difficult to know what to do first. The Federal Trade Commission (FTC) recently announced it has developed a “one-stop resource for people to report identity theft to law enforcement and get a personal recovery plan that responds to their specific identity theft circumstances.”
The new Report replaces the FTC Identity Theft Affidavit, and is easily recognizable by the words “Federal Trade Commission” at the top and the FTC seal. It contains a unique FTC report number for each person reporting ID theft. When victims submit the Report to the FTC, they are stating that the information it contains is the truth under penalty of perjury.
Victims may make copies of the Report to send to police and other law enforcement agencies, to send to companies where their information has been used fraudulently, and to send to consumer reporting agencies (CRAs) such as credit bureaus, tenant screening companies, check verification services, etc.
According to the FTC announcement, a business that receives an FTC Identity Theft Report must comply with the Fair Credit Reporting Act (FCRA). This Act requires companies to
- have written policies and procedures in place regarding the accuracy and integrity of the information they report to CRAs,
- to conduct reasonable investigations of consumer disputes,
- report the results of the investigations to the consumers within 30 – 45 days.
The new FTC Identity Theft Report may be found at https://www.identitytheft.gov/.
For more information you can trust, visit bbb.org/evansville.