Employment: FTC Delays Enforcement of Red Flag Rules Yet Again
You may recall we told you about the Red Flag Rules in the May 2009 Employer’s Legal Resource. The FTC announced last week that it has once again delayed enforcement of the ‘Red Flag Rules’ which require creditors to develop and implement written Identity Theft Prevention and Detection Programs. Now, the Rules will not be effective until November 1, 2009.
The FTC cited uncertainty among small businesses, as well as other entities, such as law firms and health care facilities regarding their compliance obligations. In response, the FTC has promised to “redouble its efforts” to educate such businesses, by releasing additional compliance guidance in the upcoming weeks.
DSDA is able to assist you in any program development and/or compliance issues you may have regarding the ‘Red Flag Rules.’
By James R. Bullard, firstname.lastname@example.org