August 22, 2019

Update: FTC Eases Enforcement of Anti-Identity Theft “Red Flags” Rule Among Lawyers, Other Professionals

The National Law Journal reports this week that the Federal Trade Commission (FTC) has bowed to Congressional pressure to dial back enforcement of the so-called “Red Flags” Rule, which directs certain professionals, including lawyers and doctors, to develop written measures to detect and thwart identity theft within their organizations.

Lawyers, doctors, and other professionals are considered “creditors” and “financial institutions” under the Fair and Accurate Credit Transactions Act (.pdf), designations disputed by the American Bar Association and American Medical Association in lawsuits filed against the FTC.

The FTC has agreed to ease enforcement of the Red Flags Rule until the end of 2010.

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