New Deadline For Red Flags Rules: FTC Gives Businesses Until June 1, 2010 To Develop Compliant Identity Theft Prevention Programs


On Friday, October 30, 2009, just two days before the Federal Trade Commission (FTC) was set to begin enforcement of federal Red Flags Rules, the FTC announced that it was giving businesses seven additional months, until June 1, 2010, to comply with the new identity theft regulations. The announcement came just hours after a federal judge in the District of Columbia ruled that the Red Flags Rules do not apply to attorneys in a lawsuit filed by the American Bar Association (ABA).

Pleases see full advisory below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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