FTC Delays Enforcement of FTC Red Flags Rule Fifth Time

The original FTC Red Flags Rule compliance date deadline was extended three times from the original date of November 1, 2008, with an expected compliance date of November 1, 2009.  Just prior to that date, the FTC extended for the fourth time the deadline for compliance to June 1, 2010.  On May 28, 2010, the June 1, 2010, compliance date was extended a fifth time to December 31, 2010[1]: “At the request of several Members of Congress, the Federal Trade Commission is further delaying enforcement of the ‘Red Flags’ Rule through December 31, 2010, while Congress considers legislation that would affect the scope of entities covered by the Rule.  Today’s…

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