Posts Tagged ‘FTC’

On Monday a Federal Trade Commission representative stated that current privacy laws fail to protect American consumers. Â
“We’ve put too much burden on the consumers to understand these policies,” said Kathryn Ratte, a senior attorney in the FTC’s consumer protection bureau.
This is most likely the result of a report that the agency plans to publish later [...]

The Federal Trade Commission (FTC) has once again postponed enforcement of the Red Flags Rule from June 1 until Dec. 31, 2010 at the request of several members of Congress. The FTC stated that Congress would be considering legislation on the scope of entities covered by the Rule.
The FTC “urges Congress to act quickly to [...]

Starting June 1st, businesses that extend credit to customers will have to develop a written plan to try to prevent identity theft.  The Federal Trade Commission has ordered businesses to develop plans to spot red flags when fraud may be involved and ways to prevent it.  This is known as the Red Flags Rule.
“Once the [...]

The Federal Trade Commission released a report on Wednesday listing the top complaints filed by consumers in 2009.  Identity theft remains at the top.  Of the 1.3 million complaints the agency received last year, 21 percent were for identity theft.
The report breaks out complaint data on a state-by-state basis and also contains data about the [...]

On Tuesday a national data breach notification bill was passed in the U.S. House of Representatives.  The Data Accountability and Trust Act (DATA), requires businesses to notify both customers and the Federal Trade Commission if sensitive information has been exposed to a security breach.
The law states that:
“Any person engaged in interstate commerce that owns or [...]

The Federal Trade Commission has postponed enforcement of the Red Flags Rule once again, continuing to put consumers at risk of identity theft.
This is the fourth time The Federal Trade Commission has delayed enforcement of the “Red Flags Rule” requiring implementation of identity theft prevention measures. The latest deadline for compliance was set for November [...]

The Federal Trade Commission will begin enforcing its Red Flags Rule on November 1st.  The Red Flags Rule has been delayed three times now give entities additional time to prepare.
The Red Flags Rule require creditors and financial institutions with covered accounts to implement written programs to detect early warning signs of identity theft in their [...]

ChoicePoint Inc. one of the world’s largest collectors of consumer data has agreed to pay $275,000 to federal regulators Monday as a result of a second data breach which occurred last year.  The data breach exposed the Social Security numbers and other personal information of 13,750 people.
This agreement settles a case by the Federal Trade [...]

Medical identity theft is when another person uses your personal information or insurance information to receive medical treatment.  When the bill comes you are held responsible.  Even worse the wrong information is recorded on your health records such as blood type.
Starting in November hospitals will require a driver’s license or other official form of identification [...]

For the third time the Federal Trade Commission has postponed the “red flag” rules requiring businesses to adopt plans to prevent identify theft.Â
The agency was scheduled to begin enforcing the rules August 1st but announced Wednesday that it would delay the effective date until November 1st.  This is in order to better educate and prepare [...]