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Federal Trade Commission considering changes for ID theft warnings

Posted at 4:22 PM, Dec 04, 2018
and last updated 2018-12-04 19:37:32-05

Did you know changing your address could trigger a warning to your bank?

It's a possible ID theft red flag and you need to take action to make sure they continue.

The address change request and a request for an additional card could mean someone opening accounts in your name.

Right now, banks must have these ID theft protection triggers in place, but the Federal Trade Commission is considering changing the rules.

The agency is seeking comment about whether the rules are necessary, if they cost businesses too much, and if should they be explained?

Click here to see the current rules and to weigh in.