Ftc Takes You For A Ride Once Again; Postpones Red Flags Rule

By Author: Jaun Paul
Total Articles: 53
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Don't have a Red Flags Rule compliance plan in place as yet? Here's why you may want to play a waiting game before having it in place actually.


If you thought the Red Flags Rule compliance deadline of November 1 would be met, you've been fooled again. The latest news is that it has been deferred until June 1, 2010.


Attorney Robert Markette in Home Care Law Blog (www.homecarelawblog.com) wrote, Well, I checked a number of times on Friday for an announcement regarding the Red Flags Rule, adding, When I left for the day, I assumed the deadline would not be extended, which, given the legislation pending in Congress, really took me by surprise.


According to the Federal Trade Commission, it is the medical identity theft prevention regulation for a second time. There's a court case going on as well.


So there's good news for those who haven't got your medical identity theft compliance plan together. According to Markette, if you haven't, ...
... you may well hold off until closer to the new June 1 deadline. The court case and Congress may certainly alter how you address the Red Flags Rule.


So if you are looking for medical identity theft, you can look for the financial upside to being able to prosecute medical identity theft and recover stolen funds.

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