In May 2013, the Federal Trade Commission released a new guide entitled Fighting Identity Theft with the Red Flags Rule: A How-To Guide for Business to help businesses and organizations determine whether they are subject to the FTC’s Red Flags Rule and how to fulfill the Rule’s requirements. The Guide includes information regarding what types of entities must comply with the Red Flags Rule, a set of FAQs and a four-step process to achieve compliance.
Continue Reading FTC Issues a Guide for Businesses and Organizations on the Red Flags Rule

On November 30, 2012, the Federal Trade Commission announced the issuance of an interim final rule that makes the definition of “creditor” in the Red Flags Rule consistent with the definition contained in the Red Flag Program Clarification Act of 2010.
Continue Reading FTC Issues Interim Final Rule Amending Red Flags Rule “Creditor” Definition

On February 25, 2010, the Federal Trade Commission filed a notice that it is appealing the D.C. District Court’s December 28, 2009 judgment in favor of the American Bar Association in American Bar Association v. FTC.  The District Court’s summary judgment held that the FTC’s Identity Theft Red Flags Rule (“Red Flags Rule” or

The FTC today announced that it would, for the fourth time, delay enforcement of the Identity Theft Red Flags Rule.  The enforcement date is now June 1, 2010 for creditors and financial institutions subject to FTC jurisdiction.  The agency stated that the delay was requested by members of Congress, who are currently considering a bill