CAI Weighs in on FTC identity theft rules

“Regardless of the legal analysis, adopting a program to address issues of identity theft is the best option to ensure your community meets its obligations to its members. While there are no private rights to sue under the rule and the risk of FTC enforcement might be somewhat low for community associations, adopting a Red Flag policy will ensure compliance as well as implement a best practice for resident financial data.”
~ CAI Opinion on FTC Red Flag Rules