The Red Flag Identity Theft program was developed by which organization?

The Red Flag Identity Theft program was developed by the Federal Trade Commission (FTC) as part of their efforts to combat identity theft and protect consumers. The Red Flags Rule requires financial institutions and creditors to implement identity theft prevention programs, which are designed to detect and respond to warning signs (or "red flags") that someone might be trying to commit identity theft.

The FTC's role in this initiative is significant as it provides guidance and oversight on how these programs should be structured and enforced, creating a framework for businesses to follow in identifying potential identity theft risks effectively. The agency's focus on consumer protection aligns with its broader mission to promote fair competition and ensure that consumers are treated fairly in the marketplace.