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FTC Grants “Three-Month Delay of Enforcement of ‘Red Flags Rule’ Requiring Creditors and Financial Institutions to Adopt Identity Theft Prevention Programs”

The FTC announced today that the enforcement date for the Red Flag Rules is being extended until August 1, 2009 (instead of May 1, 2009). The press release is at http://www.ftc.gov/opa/2009/04/redflagsrule.shtm.
April 30th, 2009 — “The Federal Trade Commission will delay enforcement of the new “Red Flags Rule” until August 1, 2009, to give creditors and financial institutions more time to develop and implement written identity theft prevention programs. For entities that have a low risk of identity theft, such as businesses that know their customers personally, the Commission will soon release a template to help them comply with the [...]

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