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Saturday, May 2, 2009

Good grief, Charlie Brown

"FTC Will Grant Three-Month Delay of Enforcement of ‘Red Flags’ Rule Requiring Creditors and Financial Institutions to Adopt Identity Theft Prevention Programs" - like creditors and financial institutions weren't aware of identity theft?!

The link to the article on the FTC website is http://www.ftc.gov/opa/2009/04/redflagsrule.shtm. Enforcement of this part of FACTA, which was only passed approximately 6 (yes 6) years ago, has now been delayed until August 1, 2009. How long does it take to adopt something that all creditors should already have, i.e. common sense?! What a joke. Thank God for common law negligence so there's at least something that can be enforced against creditors for negligently allowing theives to steal your identity!

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