Aug 27, 2009 0
ABA sues FTC over Red Flags Rule
By: Barbara Grzincic
The American Bar Association has made good on its threat to sue if the FTC didn’t exempt lawyers from its Red Flags Rule, Kimberly Atkins writes for our sister paper, Lawyers USA. The lawsuit was filed today in U.S. District Court in Washington, D.C.
The rule is designed to prevent identity theft from creditors and financial institutions, but, as our own Steve Lash reported, the FTC delayed implementation for a third time last month. The current effective date is Nov. 1.