FTC Extends Red Flags Rule – Again – to June 1, 2010 – to enforcement date. This is the fourth time the FTC has delayed enforcement of the Red Flags rule. FTC is also waiting to see how the Senate will define “What is a creditor?” Legislators had requested the FTC delay enforcement until Congress could finalize legislation. The House passed HR 3763, which would exempt from Red Flags compliance any healthcare, accounting or legal practice with 20 or fewer employees. The Senate’s version of the bill has not been reviewed yet.”]
Source: https://www.bankinfosecurity.com/ftc-extends-red-flags-deadline-again-to-june-1-2010-a-1908