FTC Delay Does Not Apply to Employers
October 23, 2008
Yesterday, the FTC announced a 6 month delay in enforcing their “Red Flags” Identity Theft Guidelines. In reading through the release, it was unclear as to how this would affect employers. Well, we’ve been in touch with the FTC and we now know that this delay only pertains to Financial Institutions and Creditors. Employers still must be in compliance with the these guidelines as they relate to developing and implementing a policy to handle “Red Flag” Address Discrepancy Notifications from National Consumer Reporting Agencies (primarily credit bureaus) when conducting background checks.
For more information about these guidelines, please refer to the articles listed below.