The U.S. Congress passed a bill clarifying that the Federal Trade Commission's Red Flags Rule does not apply to lawyers, doctors, accountants, and certain other service providers.… Continue Reading
Yesterday the American Bar Association announced it had filed suit seeking to bar the Federal Trade Commission (FTC) from applying the Red Flags Rule to lawyers. The Red Flags Rule requires "creditors" and "financial institutions" with covered accounts to implement programs to identify, detect, and respond to warning signs of identity theft. There has been … Continue Reading
