The Federal Trade Commission (FTC) has extended the enforcement deadline of its Red Flags Rule again. According to an FTC press release, the new enforcement deadline is December 31, 2010. The commission says the extension comes at the request of several members of congress who are considering legislation related to the scope of the rule. FTC Chairman Jon Leibowitz said, "Congress needs to fix the unintended consequences of the legislation establishing the Red Flags Rule--and to fix this problem quickly."
Full Story