Red Flag Rule Delayed until August 1, 2009

FTC announced on April 30, 2009 that the enforcement of the Red Flag Rule will be delayed until August 1, 2009.  This will allow time for creditors and financial institutions to create and fine tune their identity theft prevention programs.  A template has also been developed and will be available soon which will aid companies with a low risk of identity theft. 

More information is available from here: http://www.ftc.gov/opa/2009/04/redflagsrule.shtm

 

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May 1, 2009

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