ATTORNEY GENERAL RAOUL URGES FTC TO CONTINUE IDENTITY THEFT RULES
Chicago — Attorney General Kwame Raoul, along with a coalition of 30 other attorneys general, sent a letter to the Federal Trade Commission (FTC) urging the FTC to continue its Identity Theft Rules, which were originally adopted in November 2007. The letter cites the spread of identity theft in many states and the growth in technology since the rules were adopted.
The current rules require certain financial institutions and businesses that grant credit or issue debit or credit cards to take steps to detect, prevent, and mitigate identify theft by implementing reasonable safeguards. The letter also suggests adding a requirement that cardholders must be notified by email or cell phone if an email address or cell phone number associated with their account is changed. This is in addition to the existing requirement to mail notification upon change of account address. Additionally, Raoul and the attorneys general request that “suspicious account activity” be expanded to include account access by new and previously unknown devices and repeated unsuccessful access attempts.
“We must keep in place federal protections for consumers to guard against identity theft and protect their finances,” Raoul said.
Joining Raoul in submitting the letter were the attorneys general of Alaska, California, Colorado, Connecticut, the District of Columbia, Delaware, Hawaii, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Utah, Virginia, Vermont, Washington, and Wisconsin.