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Red Flag Rule Delayed Again

The Federal Trade Commission (FTC) has again delayed the deadline for implementation of the “Red Flag” rule until January 1, 2011.  The latest deadline was June 1, but practices now have until the first of next year to implement a program to help prevent identity theft. Many feel this legislation puts an unnecessary burden on medical practices for what may have been meant for financial institutions.

Several medical organizations including the American Medical Association (AMA) strongly oppose and have taken action to block the inclusion of medical practices in the “Red Flag” rule by the FTC.