November 5, 2009

FTC Extends Red Flags Rule

The Federal Trade Commission (FTC) announced another delay in the “Red Flags” Rule, extending the enforcement date to June 1, 2010. As noted in the June 2009 and August 2009 editions of the Online News, the rule instructs creditors and financial institutions to develop and implement written identity theft prevention programs. See the related FTC announcement for more information.