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Home » FTC Delays Enforcement of FACTA ‘Red Flag’ Rules; Non-Bank Lenders Must Implement Program by May
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FTC Delays Enforcement of FACTA ‘Red Flag’ Rules; Non-Bank Lenders Must Implement Program by May

October 30, 2008
Non-bank creditors and financial institutions have until May 1 next year to comply with the Federal Trade Commission’s new “Red Flags Rule,” which requires companies to develop and implement written identity theft-prevention programs. The rule became effective Jan. 1, 2008, for all federally regulated lenders and compliance becomes mandatory on Nov. 1. While there has been no change in the...
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