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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.

~Alex 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?

Attorneys May Be Required to Comply with FTC Red Flags Rule

August 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.

The 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 online.

Complying with the Red Flags Rule:
A Do-It-Yourself Prevention Program

The 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.

The 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 Program.

Still Have Questions About the
Red Flags Rule?

If you need more information about the Red Flags Rule, visit the American Bar Association's comprehensive website on the issue.

DISCLAIMER: 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.