The Federal Trade Commission has extended for another three months its delay of enforcement of the new Red Flags Rule to give creditors and financial institutions more time to develop and implement written identity theft prevention programs.
Like the previous enforcement delay, the latest delay, in effect until Aug. 1, 2009, is limited to the Identity Theft Red Flags Rule and doesn’t extend to the rule regarding address discrepancies applicable to users of consumer reports, or to the rule regarding changes of address applicable to card issuers.
