FTC Delays Red Flags Enforcement Until Nov 1, 2009

The FTC has once again delayed their enforcement of the Red Flags Rule in a further effort to make sure all business has adequate time to comply with the Rule as detailed in their latest press release quoted and linked to below.

I will post or update another entry about the website (http://www.ftc.gov/bcp/edu/microsites/redflagsrule/index.shtml) they provide to assist business with compliance because they point out on that website that circumstances may change and require you as a business owner to implement a written Identity Theft plan.

FTC Announces Expanded Business Education Campaign on 'Red Flags' Rule

To assist small businesses and other entities, the Federal Trade Commission staff will redouble its efforts to educate them about compliance with the "Red Flags" Rule and ease compliance by providing additional resources and guidance to clarify whether businesses are covered by the Rule and what they must do to comply. To give creditors and financial institutions more time to review this guidance and develop and implement written Identity Theft Prevention Programs, the FTC will further delay enforcement of the Rule until November 1, 2009.

http://www.ftc.gov/opa/2009/07/redflag.shtm