From the why-am-I-not-surprised dept: 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. The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the…
Tag: Red Flags Rule
Judge: FTC Cannot Make Lawyers Comply With Identity Theft Laws
The Federal Trade Commission cannot force practicing lawyers to comply with new regulations aimed at curbing identity theft, a federal judge ruled today at the U.S. District Court for the District of Columbia. The decision offers a reprieve to law firms across the country, which faced a deadline this weekend to put in place programs…
ABA files suit over FTC Red Flags Rule
The American Bar Association filed suit today in the U.S. District Court for the District of Columbia against the Federal Trade Commission, seeking an injunction to block the application of the so-called Red Flags Rule to practicing lawyers. As the BLT previously reported, the bar association has been lobbying for months to exempt lawyers from…