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Enforcement of FACT Act "Red Flags" is delayed until November 1, 2009 |
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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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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