Red Flag Deadline Gets 6 Month Reprieve

Well, the credit industry finally has some good news.The new ID Theft Red Flag Regulations which were slated to take effect on November 1 have been pushed back by the FTC and won’t be enforced until May 1, 2009.I guess, the FTC figures banks and creditors have bigger fish to fry right now than scrambling to meet new compliance regulations for identity theft.Based on personal observation this delay is a good thing because many companies are still unaware that Red Flag even applies to their business so getting compliant by Halloween might be tricky indeed.

I suppose now is a good time to remind you about our Guide for FACTA Compliance and How to Spot ID Theft Red Flags whitepaper.Go on…register to get it, I promise it’s a real treat.

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