Alert November 03, 2009

FTC Further Delays Red Flags Rule Until June 1, 2010

The FTC announced a further delay in enforcement of its Red Flags Rule until June 1, 2010. This is the third time that the FTC has delayed enforcement of the rule. Among other things, the rule requires creditors and financial institutions to develop and implement a written Identity Theft Prevention Program. Click here for the FTC’s related press release.