After several false begins, the FTC has finally initiated enforcement of the Honest and Correct Credit Transactions Act’s, Crimson Red Flags Rule Compliance, and has placed the burden of policing identification theft activity squarely on the shoulders of both big and small businesses. However, the FTC could be the least of… Continue Reading Red Flags Rule Compliance: The Feds May Be The Least Of Your Concerns

Physicians, Attorneys, Many Hospitals No Longer Must Comply Howard Anderson, Managing Editor  President Obama on Saturday signed legislation that exempts certain businesses, including physician practices and apparently most hospitals, from the Identity Theft Red Flags Rule. The Red Flags exemption law more narrowly defines the term “creditor” so that, in effect, far fewer… Continue Reading Obama Signs Red Flags Exemptions Bill

Congress passes legislation clarifying definition of “creditor.” By Peter W. Crownfield, Executive Editor After delaying enforcement of the Red Flags rule for more than two years while debating which entities should be covered under the rule and thus required to develop and implement identity theft protection protocols, Congress has passed legislation that… Continue Reading Health Care Providers Exempt From Red Flags

The U.S. House has passed by voice vote legislation–identical to that recently approved in the Senate–to exempt health care providers, attorneys and certain other service providers from provisions of the Red Flags Rule to combat identity theft. That means the bill, S. 3987, now goes to President Obama for his… Continue Reading Congress Approves Red Flags Exemptions

Well, it’s beginning to feel a lot like Christmas. Because in Washington, the politicians and bureaucrats just keep on giving. First, we learned that the big Medicare rate cut set to hit physicians’ practices on Dec. 1 was delayed for a month while Congress hammered out a longer postponement. Yesterday, we learned that the longer delay —… Continue Reading Red Flags: Physicians Exempt from Rules Under New Law

By Sheri Porter  The Council of Medical Specialty Societies, or CMSS, recently filed a motion to intervene on behalf of all physicians in an existing case filed by the AMA, the American Osteopathic Association and the Medical Society of the District of Columbia. The case involves the applicability to physicians of… Continue Reading ‘Red Flags Rule’ Applicability to Physicians Challenged

Health-care identity theft causes untrue entries into existing medical records at doctor’s offices, pharmacies, hospitals, and insurance companies. These erroneous entries made to victims’ medical files may not be corrected for years or even not discovered. Medical identity theft victims may not get proper medical treatment or may find their… Continue Reading Red Flags Rule: Protecting Patient Identity

Update: Federal Trade Commission has once again delayed compliance deadline of Red Flags Rule until June 1, 2010 for financial institutions and creditors as per the request of Members of Congress  The Federal Trade Commission (FTC) under the Fair and Accurate Credit Transactions Act of 2003 issued set of regulations,… Continue Reading FTC extends Red Flag Rule Compliance Deadline until June 1, 2010