Thursday, July 30, 2009

Red Flag Rules Pushed Back Again

Yesterday (July 29, 2009) the Federal Trade Commission pushed the effective date of the new "Red Flag" rules back to November 1, 2009. http://www.ftc.gov/opa/2009/07/redflag.shtm. They had been delayed twice before, originally to go into effect last November.

In general, the Red Flag rules require "creditors" to adopt and implement a plan to avoid and report identity theft. You can read more about the Red Flag rules at http://www.ftc.gov/redflagsrule

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