Law360, New York (December 08, 2010, 8:17 PM ET) -- Congress has given its final approval to a bill that will exempt lawyers, doctors, accountants and other professionals from the Federal Trade Commission's Red Flags Rule, a set of stringent requirements designed to curb identity theft among creditors.
Members of the U.S. House of Representatives passed the Red Flag Program Clarification Act of 2010 on a voice vote Tuesday, clearing the legislation for President Barack Obama’s signature. The Senate had passed the same bill Nov. 30.
The Red Flag rule requires creditors to develop programs to...
House Exempts Attys From Identity Theft Requirements
To view the full article, take a free trial now.
