| Subject: | FTC Extends Deadline For Red Flag Rules |
| Category: | Miscellaneous (MISC)
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| Published: | Thu, 23 Oct 2008 - 02:00 pm |
| The Federal Trade Commission (FTC) announced that it is suspending enforcement of the new "Red Flags Rule" until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written identity theft prevention programs. The Red Flags Rule was developed pursuant to the Fair and Accurate Credit Transactions Act (FACTA) of 2003. Under the Rule, financial institutions and creditors with covered accounts must have identity theft prevention... The full article is available to StayAlert subscribers. Click here for a free trial subscription. |
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