FTC Again Extends Red Flags Deadline

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July 29, 2009

Creditors, including colleges and universities, will now have until November 1 to comply with most of the Federal Trade Commission's (FTC) identity theft regulations. The FTC pledged to redouble its efforts to educate small businesses and other covered entities about the Red Flags Rule as it announced a third delay in the enforcement deadline. The House Appropriations Committee had asked for a further extension.

NACUBO's Red Flags resource page provides links to documents and tools to help institutions develop an identity theft protection plan, including sample policies from colleges and universities and an FAQ from the FTC which explains its enforcement plan.