FTC “Red Flag” Identity Theft Rules Delayed Until May 1, 2009
October 22, 2008
The FTC has just announced that they were delaying enforcement of their “Red Flag” rules on Identity Theft until May 1, 2009. However, it is important to note that these rules are different from the Address Discrepancy Rules we recently conducted a Webinar on with Seyfarth Shaw attorney, Pam Devata.
I just spoke with Pam and it is still her position that employers who are using credit reports should still comply with the November 1, 2008 deadline for having a written policy in place.
We’ll keep you posted as we learn more.