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Daily Dashboard | House Seeks To Limit Red Flags Rule Related reading: On the pitfalls of reputation economics

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Rep. John Adler (D-NJ) has introduced a bill to limit the scope of the FTC's Identity Theft Red Flags Rule, the Hunton & Williams Privacy and Information Security Law Blog reports. The Red Flag Program Clarification Act seeks to "amend the Fair Credit Reporting Act with respect to the applicability of identity theft guidelines to creditors" by adding a more narrow definition of "creditor" to exclude those "that advance funds on behalf of a person for expenses incidental to a service provided by the creditor to that person." The FTC had delayed enforcement of the Red Flags Rule until December 31, the report states, in order to give congress time to address the issue.
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