Law Practice
Jul. 22, 2009
New FTC Rule Requires Firms to Look Out for Identity Theft
A Federal Trade Commission rule set to take effect Aug. 1 is giving attorneys in the American Bar Association's Governmental Affairs Office an acute sense of déjà vu. And the memory is not a fond one.
Daily Journal Staff Writer A Federal Trade Commission rule set to take effect Aug. 1 is giving attorneys in the American Bar Association's Governmental Affairs Office an acute sense of déjà vu. And the memory is not a fond one. The Red Flags Rule, an extension of the Fair and Accurate Credit Transactions Act enacted by Congress in 2003, intends to safeguard financial institutions and creditors against identity theft. Applying this rul...
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