FTC Red Flags Rule

Professionals Sue for Exemption June 2010 In October 2009, the American Bar Association filed a lawsuit against the FTC claiming the Red Flags Rule shouldn't apply to lawyers. A federal court in Washington D.C. agreed and ruled that the regulations could not be applied to lawyers and other legal professionals; an FTC appeal is currently pending. In May 2010 the American Medical Association (AMA) along with the American Osteopathic Association and the Medical Society of the…