Red Flags Rule

The Red Flags Rule was created by the Federal Trade Commission (FTC), along with other government agencies such as the National Credit Union Administration (NCUA), to help prevent identity theft. The rule was passed in January 2008, and was to be in place by November 1, 2008, but due to push-backs by opposition, the FTC delayed enforcement until December 31, 2010.

Not to be confused with Red flag traffic laws.

In December 2010, the Red Flags Rule was clarified by the Red Flag Program Clarification Act of 2010 to exclude most doctors, lawyers, and other professionals who do not receive full payment at the time when their service is furnished.

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