tci Part B Insider - 2010 Issue 21

Red Flags Rule: FTC Delays Red Flags Rule Until December

Amidst an AMA lawsuit, the FTC appears to take a wait-and-see approach.After a year's worth of extensions of the Red Flags Rule, medical practices were ready to buckle down and ensure that their plans were in place, because the rule was set to take effect on June 1. Just days shy of that deadline, however, the Federal Trade Commission (FTC) announced that it would be delaying enforcement until Dec. 31, 2010, "at the request of several Members of Congress," according to a May 28 FTC news release.Under the Red Flags Rule, "certain businesses and organizations --...

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