Thursday, Jul. 23, 2009
MBA opposes inclusion of lawyers in the Federal Trade Commission's proposed "Red Flags Rule"
The Massachusetts Bar Association opposes the inclusion of
lawyers in the "Red Flags Rule" promulgated by the Federal Trade
Commission (FTC) under the Fair and Accurate Credit Transactions
Act of (FACT Act) 2003. The "Red Flags Rule" requires certain
creditors to develop and implement programs to identify, detect,
and respond to warning signs of identity theft. The FTC plans to
apply the rule to lawyers, despite the fact that they are not
Click here to read MBA President Edward W.
McIntyre's letter to the Federal Trade Commission.