New FTC "Red Flag" Rules Will Apply To More Than 2 Million Businesses

On October 13, 2008, Matthew Wilson wrote an article in Business to Business, entitled, New FTC ‘Red Flag’ Rules Will Apply To More Than 2 Million Businesses.”  The article focuses on new “red flag” rules and guidelines mandate that all financial institutions and creditors — a category that is broadly defined — develop and implement an identity theft prevention program designed to detect, prevent, and mitigate the effects of, identity theft.

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