House Passes Small Firm Exclusion To Red Flags Rule

Law360, New York (October 21, 2009, 12:57 PM EDT) -- The U.S. House of Representatives has passed a bill that would exclude small health care, legal and accounting practices from a Federal Trade Commission rule requiring creditors to develop programs to detect and prevent identity theft related to certain kinds of accounts.

Legislators approved the bill by a 400-0 margin Tuesday, paving the way for Congress to overturn a controversial revision of the so-called Red Flags Rule that would have forced law firms and some other small businesses to comply with the Fair and Accurate Credit...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.