FTC Postpones Enforcement of Red Flags Rule Until August 1, 2009
4/30/2009
The Federal Trade Commission (FTC) today announced that it will delay enforcement of the Red Flags Rule until August 1, 2009 “to give creditors and financial institutions more time to develop and implement written identity theft prevention programs.” Implementation for the Red Flags Rule had been scheduled for tomorrow, May 1, 2009. The FTC press release announcing the delay is available at this link.
For more information on the Red Flags Rule, please see these earlier Waller Lansden bulletins:
The opinions expressed in this bulletin are intended for general guidance only. They are not intended as recommendations for specific situations. As always, readers should consult a qualified attorney for specific legal guidance.
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