Alert August 04, 2009

FTC Extends Compliance Date for Red Flags Rule to November 1, 2009

The FTC announced that it has extended the compliance date for its red flags rule (16 CFR 681) until November 1, 2009.  This delay does not does not affect other federal agencies’ enforcement of the original November 1, 2008 compliance deadline for institutions subject to their oversight.  The announcement refers readers to a FAQ on the rule.