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.

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