Will the FTC ever enforce the Red Flags rule? A better question is why have a rule if there is no enforcement? In the ongoing saga of will they-won’t they- enforce the rule the answer is not today, not tomorrow and not until January 1, 2011 (maybe).
On May 28, 2010, the Federal Trade Commission (FTC) announced that it would suspend enforcement of the Identity Theft Red Flags Rule until January 1, 2011. The Red Flags Rule was originally set to take effect on November 1, 2008, but implementation has been delayed multiple times. The substance of the Red Flag Rule will not be changed during the delay.
You can find more information about the FTC’s decision to delay implementation of the Red Flags Rule at: http://ftc.gov/opa/2010/05/redflags.shtm.
Join the conversation: After multiple delays are you enforcing Red Flags internally or just waiting to see what happens?