Days before the once-delayed implementation date of May 1st, 2009, the Federal Trade Commission halted the enforcement of the Red Flags Rules for Identity Theft. The new enforcement date will be August 1st, 2009.

This latest 3-month delay allows time for entities falling under a non-traditional definition of “creditor”, such as doctors and hospitals, to further strengthen their existing compliance plans to include processes to avoid and detect identity theft.

1:54 pm, June 12th, 2009 |