Red Flag Rules On Identity Theft Cancelled Again

Before you read further; yesterday The Federal Trade Commission for the second time stopped implementation of the Red Flag identity theft rules until August 1, 2009 citing the American Medical Association was one organization pushing for the delay, saying the rules should not apply to physicians.

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Red flag rules on identity theft take effect soon

Contract Language. By Steven M. Harris, AMNews contributor. Posted March 30, 2009.
Effective May 1, many physicians will be required under federal law to assist the government in detecting, preventing and mitigating "red flags" of identity theft.
The Federal Trade Commission implemented the so-called red flag rules, which impose certain duties on financial institutions and creditors with the goal of curtailing the growing issue of consumer identity theft. Follow like above for more of the story.