Which law is associated with the FTC's Red Flag Identity Theft Program?

The Fair Credit Reporting Act (FCRA) is directly associated with the FTC's Red Flag Identity Theft Program, as it provides a legal framework for the protection of consumer credit information. The FCRA aims to promote accuracy, fairness, and privacy of information in the files of consumer reporting agencies. Under this act, creditors and financial institutions are required to take steps to protect consumers from identity theft, including the implementation of identity theft prevention programs that align with the Red Flags Rule prescribed by the FTC.

These "red flags" serve as warning signs that indicate possible identity theft. By integrating the requirements of the FCRA into their practices, institutions are encouraged to actively monitor for these warning signs and respond appropriately to protect consumer data and mitigate identity theft risk. This illustrates how the FCRA sets the stage for compliance with the Red Flags Rule, making it a key piece of legislation in the context of identity theft prevention and consumer protection.