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FTC Once Again Extends Enforcement Deadline for Red Flags Rule New Deadline for Compliance -- June 1, 2010
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November 6, 2009
Previously published on November 3, 2009
Late on October 30, 2009 the Federal Trade Commission (FTC) announced that at the request of Congress it was delaying its enforcement of the "Red Flags" Rule until June 1, 2010. This delay in compliance with the Red Flags Rule applies only to creditors and financial institutions that are regulated by the FTC. Financial institutions and creditors regulated by other federal agencies were required to implement their Red Flags Program by November 1, 2008, the same date that the FTC had initially ordered implementation.
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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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