THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release December 18, 2010
STATEMENT BY THE PRESS SECRETARY
On Saturday, December 18, 2010, the President signed into law:
S. 3987, the “Red Flag Program Clarification Act of 2010,” which narrows the definition of a creditor for purposes of implementing the so-called “red flags rule,” i.e., Federal guidelines for use by financial institutions and creditors in establishing policies and procedures to mitigate identity theft risks.