FTC delays Red Flag Rules to Nov. 1

by: CHARLES FIEGL Jul 29, 2009

The Federal Trade Commission (FTC) delayed implementation of its anti-identity theft regulations, the so-called "Red Flag Rules," until Nov. 1. The rules were set to go into effect Aug. 1.

The FTC says in a news statement:

To assist small businesses and other entities, the [FTC] staff will redouble its efforts to educate them about compliance with the "Red Flags" Rule and ease compliance by providing additional resources and guidance to clarify whether businesses are covered by the Rule and what they must do to comply. To give creditors and financial institutions more time to review this guidance and develop and implement written Identity Theft Prevention Programs, the FTC will further delay enforcement of the Rule until November 1, 2009.

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CHARLES FIEGL

Aug 7, 2009 10:23 AM

Good point, Betty. We'll see if the federal government:

Delays implementation of this rule again Nov. 1, or
Decides that it doesn't apply physician offices/practices.

BETTY POGGI

Aug 6, 2009 11:02 AM

Big brother at its best! Medical practices should not have to be bothered with this encumbrance. Most Offices and out patient facilities have policy in effect to identify new/existing patients.

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