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Article: New FTC rule may have businesses in N.H. seeing red: wide range of businesses affected by 'Red Flag Rule' targeting ID theft.(IDENTITY THEFT)(Federal Trade Commission)(New Hampshire)
- Article from:
- New Hampshire Business Review
- Article date:
- December 5, 2008
- Author:
CopyrightCOPYRIGHT 2008 Business Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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If you extend credit to your customers or clients, you have just gotten a reprieve on a federal deadline you may not have known you had to meet.
While many financial institutions, car dealerships and large retailers are gearing up for a new Federal Trade Commission role designed to safeguard against identity theft, other businesses may only be beginning to realize they are also under the gun for complying with the rule.
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The role went into effect Nov. 1, but enforcement has been suspended by the FTC until May 1, 2009, largely due to the realization that so many businesses didn't know they were subject to it.
The ...