Citing lingering confusion over to whom the identity theft rules apply, the FTC announced yesterday that it is delaying the Red Flags Rule compliance date for a third time. The compliance date, which was August 1, is now November 1, 2009. The FTC intends to use the additional time to further educate industry about the rules and specifically to whom they apply. For more information about the new deadline, see the article in the Wall Street Journal.
More information about the Red Flags Rule can be found on the FTC Website.