FTC extends Red Flags Rule enforcement deadline…..again.

Published: July 30, 2009 by Keir Breitenfeld

There were always questions around the likelihood that the August 1, 2009 deadline would stick. Well, the FTC has pushed out the Red Flag Rules compliance deadline to November 1, 2009 (from the previously extended August 1, 2009 deadline).

This extension is in response to pressures from Congress – and, likely, "lower risk" businesses questioning their being covered under the Red Flag Rule to begin with (businesses such as those related to healthcare, retailers, small businesses, etc).

Keep in mind that the FTC extension onenforcement of Red Flag Guidelinesdoes not apply to address discrepancies on credit profiles, and that those discrepancies are expected to be worked TODAY.

Risk management strategies are key to your success.

To view the entire press release, visit: http://www.ftc.gov/opa/2009/07/redflag.shtm