As we reported in our May 1, 2009 Client Alert, the Federal Trade Commission (FTC) issued a last-minute reprieve to businesses struggling with development of Red Flag identity theft prevention programs. Creditors and financial institutions were given more time to develop and implement written identity theft prevention programs, but the reprieve is coming to an end. The FTC is scheduled to begin enforcement of the new “Red Flags Rule” on August 1, 2009.

Please see full alert for more information.