FTC Again Delays Red Flag Rules

The FTC announced that it will once again delay enforcement of the Red Flag Rules, this time until December 31, 2010. The Red Flag Rules are regulations created by the FTC requiring creditors to take actions to guard against identity theft. For further information, see the FTC news release. Municipalities are subject to the rules if they defer payments for multiple transactions (in other words, if they are considered creditors – generally any municipal utility would probably fall under the definition of creditor).