FTC Delays the Red Flags Rule Again!

red flagsJuly 29, 2009– The Federal Trade Commission (FTC) said that it will delay the Red Flags Rule enforcement to November 1, 2009, which is the third time it has been postponed. Although the Red Flags Rule enforcement has been postponed, the FTC suggests that companies apply risk based programs to aid in the chances of identity theft.  In order to aid against fraud and identity theft Dealer Desktop offers Precise ID, a feature that allows one to maintain compliance with the Red Flags Rule.  For more information or guidance about the Red Flags Rule check out this Subprime News article or visit the Red Flags Rule website.

So what do you think, what precautions are you using right now?  Are you using Precise ID? Let me know by leaving a comment below.

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