FTC Delays Enforcement of Red Flags Rule Again

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.

For those still not compliant, why wait until the deadline again? NAMB has made Red Flags Rule compliance easy! After careful evaluation of numerous companies providing tools for the written Identity Prevention Plan and employee training modules, NAMB has partnered with two separate compliance providers to offer the most beneficial options for NAMB members. Each vendor has its advantages for members varying in size and complexity.