F&I Management and Technology and Powersports F&I magazines will host a one-day seminar on the Red Flags Rule on Tuesday, June 9 (9 a.m. to 3 p.m. EDT) at the Hilton St. Petersburg in St. Petersburg, Fla.

The “Red Flags: Ready or Not?” seminar will be presented by compliance experts Robert Harkins, former senior vice president of compliance and dealer relations for Resource Automotive/First Extended Corp., and David Robertson, executive director of the Association of Finance and Insurance Professionals.

The mandatory compliance deadline for the Federal Trade Commission (FTC)'s Red Flags Rule is August 1, 2009. The rule requires all creditors — including auto dealers — to develop and enforce a program that will help protect their customers from identity theft.

Designed to help dealers determine whether their dealership is compliant with the FTC’s newest weapon against identity thieves, the seminar will cover the following four topics.

- FTC Identity theft update

- 5 Keys to Red Flags Rule Compliance

- Identifying, Detecting and Responding to Red Flags

- F&I Manager’s Guide to the Red Flags Rule

The seminar will also cover the seven most common errors that cause dealers to become the targets of media exposes, class-action lawsuits and high-dollar regulatory fines. In addition, the presenters will review the adverse action notice requirements under the Equal Credit Opportunity Act and the Fair Credit Reporting Act, IRS cash reporting and money laundering guidelines.

Cost of the seminar includes full lunch and all training materials. To register, click here, or call 310-533-2518.