FTC Will Grant Six-Month Delay of Enforcement of ‘Red Flags’ Rule Requiring Creditors to Have Identity Theft Prevention Programs

The Federal Trade Commission will suspend enforcement of the new “Red Flags Rule” until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written identity theft prevention programs.

FTC Will Grant Six-Month Delay of Enforcement of ‘Red Flags’ Rule Requiring Creditors to Have Identity Theft Prevention Programs