FTC Extends Red Flag Rule Enforcement Till August 1

Posted on May 5, 2009 4:01 PM

The FTC has delayed the enforcement of the new "Red Flags Rule" again.  The new enforecement date is now extended to August 1, 2009.  This does NOT affect other federal agencies' enforcement of the original November 1, 2008 dealine (i.e. FDIC, OCC, Federal Reserve, OTS, NCUA).

To read the Press Release visit http://www.ftc.gov/opa/2009/04/redflagsrule.shtm

FTC Grants a 6 Month Delay of Enforcement of "Red Flags" Rules

Posted on October 23, 2008 8:21 AM

Yesterday, the Federal Trade Commission (FTC) stated they would suspend enforcement of the new "Red Flags Rule" until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written Identity Theft Prevention Programs.  This does not affect the other federal agencies' (FDIC, OCC, Federal Reserve, OTS, & NCUA) enforcement of the original November 1, 2008 deadline. 

To read the new Identity Theft Red Flags rules and guidelines go to http://www.conetrix.com/files/ITPP_Regulation.pdf