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November 4, 2009

FTC Delays Enforcement of Red Flag Rule

Filed under: Mortgage loans, Red Flag Rule — Tags: — admin @ 7:58 am

 

On Friday, October 30, 2009, the Federal Trade Commission (FTC) announced that it would further delay enforcement of the “Identity Theft Red Flags and Address Discrepancies” Final Rule (Red Flags Rule) under the FACT Act until June 1, 2010 for financial institutions and creditors subject to enforcement by the FTC. To view the FTC announcement, click here.