Monday, November 2, 2009

FTC Red Flags Rule Update

In the ongoing saga of confusion and uncertainty surrounding the Red Flags Rule, the U.S. Federal Trade Commission has announced today that it will once again extend its compliance deadline for the Red Flags Rule - this time until June 2010.
Also, a Washington, D.C. federal district court has ruled that the Federal Trade Commission cannot mandate Red Flags Rule compliance by attorneys. (learn more below).


Reminder: Be certain to visit the Institute's new Online Learning Center and the five new training courses that are now available, and don't miss the special limited time sale on The Informed Consumer's Guide to Identity Theft and Fraud!

Federal Trade Commission Delays Enforcement of "Red Flags Rule" until June 1, 2010


At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the "Red Flags" Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.

Read the FTC Announcement:

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