Monday, November 2, 2009

Red Flags enforcement delayed again

The Red Flags identity theft rule enforcement has been delayed once again — for the fourth time — until June 1, 2010.

The FTC announced the delay late last week, saying members of Congress requested it. Congress is currently considering a bill, passed by the House and now with the Senate, that would exempt entities with 20 or fewer employees.

The Red Flags rule requires entities considered creditors, which includes most medical practices, to develop policies for preventing, identifying, and responding to identity theft. For much more on the rule, check out our resource page.

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