Monday, November 2, 2009

FTC Postpones Enforcement of Red Flag Rule to June 1, 2010

Due to urging from Congress, the U.S. Federal Trade Commission (FTC) announced late Friday, October 30, that it has delayed enforcement of the “Red Flag” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC. Read more online at

Check out an
earlier post on this issue, and read a letter the VSCPA sent to Sen. Jonathan D. Leibowitz on August 5, 2009, detailing several reasons CPAs should be exempt from the Rule.

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