4.30.2009 The Federal Trade Commission (FTC) has announced a 3-month delay in the enforcement of the “Red Flags Rule,” until August 1, 2009. The Red Flags Rule will require financial institutions and creditors with covered accounts to develop and implement written identity theft prevention programs. The FTC will use the additional time to release a template to help entities with a low risk of identity theft (e.g., businesses that know all their customers personally) to comply with the law.

Click http://www.ftc.gov/opa/2009/04/redflagsrule.shtm to access the release announcing the delay.