SEARCH
     
Public Policy
 

Through cooperation�with financial services companies, law enforcement and Consumers, ITAC offers valuable insight into the causes of identity theft, as well as its ramifications and solutions. ITAC works closely with The Financial Services Roundtable and BITS on providing information to lawmakers and regulators on fraud and identity theft.

ITAC participated in a forum on child identity theft, sponsored by the Federal Trade Commission and US Department of Justice, Office of Victims of Crime, "Stolen Futures: A Forum on Child Identity Theft," in July 2011. Read the statement. Subsequent to the forum, ITAC sponsored the 2012 Child Identity Fraud Report, the first comprehensive study of the crime. The report found that one in 40 households with children under age 18 had at least one child whose personal information was compromised by identity criminals.

ITAC contributed to the development of the report of President’s Identity Theft Task Force. “Combating Identity Theft: A Strategic Plan” cites ITAC’s data sharing agreement with law enforcement to support the task force recommendation that data sharing between the public and private sectors be enhanced to more effectively fight identity crime. ITAC also promotes public awareness of law enforcement activities by highlighting trends and successes on its website.

ITAC members belong to The Financial Services Roundtable. Listed below are the core beliefs which govern the Roundtable's public policy advocacy:

  • Large integrated financial services companies finance most of the nation’s economy and are critical to its sustained growth. Large is defined as one of the largest 150 financial services companies in the United States.
  • The competitive marketplace should largely govern the delivery of products and services, and regulation should provide safety and soundness, and consumer protections.
  • Uniform national standards across state lines are critical for the efficient and effective delivery of products and services.
  • The effective use of technology is essential for the delivery of services in this new industry.

ITAC President Anne Wallace frequently testifies and submits comments letters regarding information security, identity theft and fraud, including testimony before a House Committee on Oversight and Government Reform subcommittee on the Identity Theft: Victims Bill of Rights, and House Judiciary Committee’s Subcommittee on Crime, Terrorism and Homeland Securityon security issues.

Industry-Based Solutions
Anne Wallace

ITAC President, Anne Wallace, testified before the U.S. House of Representatives Subcommittee on Information Policy, Census and National Archives on June 17th, 2009. 

>> Read the news release
and the testimony.

 

Copyright © 2013    ITAC, the Identity Theft Assistance Center, is the national advocate for identity theft victims and a leading voice on identity policy. Millions of consumers have access to the ITAC victim assistance service through our members - the financial services companies who support ITAC and offer it as a free service for their customers. ITAC is dedicated to protecting all consumers through education, research and the criminal prosecution of identity crime.