OTS 08-051 – OTS Issues New Examination Procedures on Identity Theft Red Flags and Address Discrepancies: “This Regulatory Bulletin transmits revised Examination Handbook Section 341, Information Technology Risks and Controls, and revised Examination Handbook Section 1300, Fair Credit Reporting Act (FCRA). The revised Handbook Sections contain new guid-ance and examination procedures for the final rules on Identity Theft Red Flags and Address Discrepancies, which implement Sections 114 and 315 of the Fair and Accurate Credit Trans-actions Act (FACT Act) of 2003. This bulletin rescinds RB 37-15 dated April 20, 2006.”