This issue of NewsBytes contains valuable information
about how lawyers may be impacted by the FTC's new Red Flags Rule
that will go into effect on August 1. We've included practical guidance
on what you may need to do to ensure you are in compliance.
Lagusch, Columbus Bar Executive Director
1. Attorneys May Be
Required to Comply with FTC Red Flags Rule
2. Complying with the Red Flags Rule:
DIY Prevention Program
3. Still Have Questions About the Red Flags Rule?
May Be Required to Comply with FTC Red Flags Rule
1 is the date non-financial organizations must be compliant with
the FTC Red Flags Rule. Those affected include "creditors that
regularly defer payment for goods or services or provide goods or
services and bill customers later." The FTC has indicated that
this definition could include attorneys, many of their clients and
organizations, including those in the healthcare and retail sectors,
that have not been aware that they fall under this definition.
Columbus Bar is offering a one-hour CLE on this issue to bring lawyers
up to speed on what should be done to comply with the Red Flags
Rule. Presented by Benita Kahn, Vorys Sater Seymour and Pease, this
seminar will be held at noon on Wednesday, July 29 and is CLE Easy
Pass eligible. It will provide an overview of key developments in
the Red Flags Rule and explore the compliance nuances. Call the
CLE Department at 221.4112 or register
with the Red Flags Rule:
A Do-It-Yourself Prevention Program
Red Flags Rule requires many businesses and organizations to implement
a written Identity Theft Prevention Program to detect the warning
signs – or “red flags” – of identity theft
in their day-to-day operations.
FTC, the federal agency that enforces a number of consumer protection
laws, has designed this compliance
template to help businesses and organizations at low
risk for identity theft design their own Identity Theft Prevention
Have Questions About the
Red Flags Rule?
you need more information about the Red Flags Rule, visit the American
Bar Association's comprehensive
website on the issue.
The CBA provides links to various sources of information in Columbus
Bar News Bytes eNewsletter purely for the convenience of readers.
The opinions expressed by the authors are their own, and the CBA
is not responsible for reliance on any such information.