7 Jan 2025
🛡️FTC Proposes Extension of Red Flags, Card Issuers, and Address Rules
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension
Summary
The Federal Trade Commission ("FTC" or "Commission") requests that the Office of Management and Budget ("OMB") extend for an additional three years the current Paperwork Reduction Act ("PRA") clearance for information collection requirements contained in the Red Flags, Card Issuers, and Address Discrepancy Rules ("Rules"). That clearance expires on January 31, 2025.
Agencies
- Federal Trade Commission
Business Impact
$$ - Med
The content primarily involves compliance and regulatory requirements related to the FTC's Red Flags, Card Issuers, and Address Discrepancy Rules, impacting businesses in various sectors. Firms must adhere to these guidelines to prevent identity theft, thereby influencing operational policies and potential costs.