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News

New Federal Trade Commission rules in force by May

Identity Theft 911 : 10 April, 2009  (Technical Article)
Starting from the beginning of May, US businesses will have to comply with the latest Red Flag Rules put into force by the Federal Trade Commission
From the 1st of May, 11 million US businesses that offer payment plans - including car dealers, medical offices and banks that issue credit cards - will have to comply with the Federal Trade Commission's (FTC) Red Flags Rules, which aim to curb identity theft. Identity Theft 911's new report, with contributions by the FTC, answers the most pertinent questions surrounding Red Flags Rules, including an explanation of the rules, how businesses can comply with them and how they will be enforced.

Identity Theft 911, America's leading identity theft resolution and education services provider, offers experts who can provide insight into and commentary on Red Flags Rules.

Identity Theft 911 experts and analysts can answer questions like:

* What are Red Flags Rules?
* What businesses are affected by Red Flags Rules?
* What steps do businesses need to take to comply with Red Flags Rules?
* Why are Red Flags Rules important?
* How will the FTC enforce Red Flags Rules and what is the penalty for violations?

In Identity Theft 911's latest industry report, "New Tools to Combat Identity Theft," Identity Theft 911's Chief Privacy Officer Eduard Goodman and Betsy Broder, assistant director of the FTC's division of privacy and identity protection, explain how Red Flags Rules affect businesses and offer 26 ways to mitigate risk.

With 11 million US businesses affected by Red Flags Rules, set to go into effect on the 1st of May, this is one of the most important business stories of the season. Identity Theft 911's easy-to-read report boils down Red Flags Rules to the basics, and offers input directly from both Identity Theft 911 and the FTC. The information in the report is useful to the millions of businesses and consumers who will be impacted by the new rules.
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