Get ready now for Red Flags rule enforcement in December.

• Position: News&trends - Brief article

The Federal Trade Commission has delayed enforcement of its Red Flags Rule until Dec. 31, 2010, for financial institutions and creditors subject to the FTC's jurisdiction including CPA firms. Businesses that bill customers for sales or services after services have been performed, even in the normal course of a traditional billing process are considered a "creditor" under the current Red Flags rule that has yet to go into effect.

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The Red Flags Rule...