Red Flags Rule Delayed Again, And In Flux For Lawyers

Quotes

1. “ The Commission believes that such delay is warranted so that it does not begin to enforce a regulation that Congress plans to supersede. ”

Entities Mentioned

• Federal Trade Commission
• Congress
• FTC
• American Bar Association
• Red Flags Rule
• House of Representatives
• Judge Reggie Walton
• Compliance Week

1. Prodded by Congress, the Federal Trade Commission has yet again delayed enforcement of the so-called "Red Flags" Rule for financial institutions and creditors subject to its enforcement until June 1, 2010. At the request of some lawmakers, the 11th hour delay was announced Oct. 30, just before the previous Nov. 1 ... (Read Full Article)

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