Tracking FACT Act Developments
This page features links to proposed rules, guidance, and final rules relating to the Fair and Accurate Credit Transactions Act ("FACT Act"), a December, 2003 federal law which revises the Fair Credit Reporting Act.
FTC suspends "Red Flags Rule" until May 1, 2009, to give FTC-supervised creditors and financial institutions additional time to develop & implement written ID prevention programs. FTC action does not affect enforcement of the original November 1, 2008, deadline for compliance by institutions subject to oversight by other federal agencies.
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