Officials Delay Red Flag Rules Until December 31, 2010
The Red Flag Rules were intended to be applied starting June 1, 2010 but members of Congress made a decision in a press release issued on May 28th, 2010 to have the Federal Trade Commission (FTC) announce that it would postpone enforcement of the Red Flag Rules until December 31, 2010. The target of the rules are to protect consumers from identify theft by requiring businesses to show they can protect sensitive financial and personal data. Under this definition, the FTC considers most physician practices to be creditors and therefore expects them to implement the necessary procedures and processes to comply with the Red Flag Rules regardless of when they are implemented.
Original post by Legal:Medical-Malpractice Articles from EzineArticles.com
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Comments
2 Comments on Officials Delay Red Flag Rules Until December 31, 2010
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naddito on
水, 28th 7月 2010 2:44 PM
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genie_w on
月, 2nd 8月 2010 12:48 PM
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