The Federal Trade Commission has once again announced that it will delay enforcement of the Red Flags Rules until June 1, 2010, as applicable to financial institutions and creditors. The Red Flags Rules deal with identity theft prevention, and the FTC has previously announced the potential application of this law to certain franchisors.
The enforcement of this rule was originally scheduled to go into effect on May 1, 2009, but has been subject to a series of delays. Certain revisions to the rule are currently being debated in the U.S. House of Representatives and in the U.S. Senate.
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