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May 02, 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 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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