In what way does the “Red Flags Rule” under the Fair and Accurate Credit Transactions Act (FACTA) relate to the owner of a grocery store who uses a money wire service?

In what way does the “Red Flags Rule” under the Fair and Accurate Credit Transactions Act (FACTA) relate to the owner of a grocery store who uses a money wire service?
A . It mandates the use of updated technology for securing credit records
B . It requires the owner to implement an identity theft warning system
C . It is not usually enforced in the case of a small financial institution
D . It does not apply because the owner is not a creditor

View Answer

Answer: D

Explanation:

https://www.ftc.gov/business-guidance/resources/fighting-identity-theft-red-flags-rule-how-guide-business#who