Waving The Red Flag—Are you Ready for Another Regulation?

More than six years after President Bush signed the Fair and Accurate Credit Transactions Act of 2003 (FACTA), it appears that the Federal Trade Commission (FTC) is finally ready to put the hammer down on the long-delayed Red Flags Rule provision of the law. Designed to prompt businesses that extend credit to customers to pay attention to the danger signs–or red flags–that could signal fraudulent activity as a result of identity theft,

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