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Enforcement of FACT Act "Red Flags" is delayed until November 1, 2009 by Clemente L. Vázquez-Bello
Gunster, Yoakley & Stewart, P.A. - Miami Office
Andres A. Fernandez
Gunster, Yoakley & Stewart, P.A. - Miami Office
Marina Olman
Gunster, Yoakley & Stewart, P.A. - Miami Office
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August 11, 2009
Previously published on July 2009
Yesterday, the Federal Trade Commission ("FTC") announced that it will delay enforcement of the Red Flags Rule ("Red Flags Rule") requirements of the Fair and Accurate Credit Transactions Act of 2003 ("FACTA") until November 1, 2009, to give creditors and financial institutions more time to develop and implement written identity theft prevention programs ("Announcement").
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