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FTC Announces New Alert System to Stop ID Theft.

The Kansas City Star (Kansas City, MO)

| June 16, 2004 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Paul Wenske

Jun. 16--New consumer credit protections will help reduce identity theft and help victims recover, a top official with the Federal Trade Commission said Tuesday.

Howard Beales, the FTC's director of consumer protection, outlined for Congress a new National Fraud Alert System that consumers will be able to access Dec. 1 if they suspect they have been identity theft victims.

"The alert will put potential creditors on notice that they must proceed with caution when granting credit," Beales said in a written statement.

The national alert is part of the recently enacted Fair and Accurate Credit Transactions Act, which adds…

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