Announcement Detail
FTC Extends Enforcement Deadline for Identity Theft Red Flags Rule until June 1, 201011/6/2009 - FTC Extends Enforcement Deadline for Identity Theft Red Flags Rule until June 1, 2010
At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.
This regulation requires creditors and financial institutions to develop identity theft prevention programs.Last summer, the FTC announced that it would consider health care providers to be creditors when they accept insurance and bill patients after services are rendered for amounts that insurance does not pay, or if they regularly allow patients to set up payment plans after services have been rendered.
Read More on the Enforcement Deadline from the FTC
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