FTC Extends Red Flags Rule
The FTC announces it has extended the compliance deadline for the ‘Red Flags’ Rule or Identity Theft Policy from August 1, 2009 to November 1, 2009. The FTC granted this extension to give “creditors” and “financial institutions” additional time to review the Rule and determine what they must do to comply.
In addition to the new deadline, the Commission staff introduces additional small and low-risk entity resources that provide further guidance on the Rule.
According to the FTC and its web site, “the Red Flags Rule is an anti-fraud regulation, requiring creditors and financial institutions with covered accounts to implement programs to identify, detect and respond to warnings or ‘red flags,’ that could indicate identity theft.”
BridgeFront offers Red Flags Rule online training and a step-by-step manual to assist healthcare providers, deemed a creditor under the Rule, create an Identity Theft Policy and train its staff on the Rule and its organization-specific policy. Click here for more information about BridgeFront’s Red Flags Rule manual and online training.