FTC Extends Enforcement Deadline for

Identity Theft Red Flags Rule

At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.

The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the Commission and other agencies to develop regulations requiring “creditors” and “financial institutions” to address the risk of identity theft. The resulting Red Flags Rule requires all such entities that have “covered accounts” to develop and implement written identity theft prevention programs to help identify, detect, and respond to patterns, practices, or specific activities – known as “red flags” – that could indicate identity theft.

http://www.ftc.gov/opa/2009/10/redflags.shtm

we make it simple for you

800-901-5950

we at gotplates.com are the leaders in california car dealer education

since april 1998, we have been teaching pre-licensing dealer certification

we have developed a number of

free online classes and tutorials

to assist and improve our car dealer education message

if you are looking for a job in the california used car market

or simply want to brush up on your knowledge and skills

please look over the following car dealer education websites

REMEMBER, we make it simple for you

free dmv sample pre-licensing examination:
www.howtobecomeacardealer.com/pdf/NewDealerPracticeExamination2005.pdf

free dmv licensed salesperson tutorial:
www.licensedsalesperson.com

free dmv car dealer renewal continuing education tutorial:
www.freeclass.gotplates.com

free red flag identity theft staff red flag compliance tutorial:
www.redflagclass.com

free car buyer bill of rights dealer education tutorial:
www.carbuyerbillofrights.gotplates.com

free dmv registration secret to the paperwork tutorial:
http://thesecret.tristarmotorsed.com/Website/

free car dealer education posters:
www.licensedsalesperson.com/downloads.html

free how to become a car dealer checklist:
www.howtobecomeacardealer.com/pdf/NewDealerChecklist.pdf

free car dealer bond quote:
www.ezdealerbond.com

free dmv car dealer application:
www.dmv.ca.gov/vehindustry/ol/dealer.htm

free dmv licensed salesperson application:
www.dmv.ca.gov/vehindustry/ol/salesperson.htm

free dmv car dealer education handbook:
www.dmv.ca.gov/pubs/reg_hdbk_pdf/toc.htm

free car dealer education blogs:
www.autogodfather.com
www.rexhead.net

good luck with your job search
or your quest for up to date car dealer education
charlotte

800-901-5950

car dealer license training + we make it simple for you

FTC Extends Enforcement Deadline for Identity Theft Red Flags Rule

At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.

CAR DEALERS WILL HAVE UNTIL JUNE 1, 2010 TO MEET RED FLAG RULES COMPLIANCE

The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the Commission and other agencies to develop regulations requiring “creditors” and “financial institutions” to address the risk of identity theft. The resulting Red Flags Rule requires all such entities that have “covered accounts” to develop and implement written identity theft prevention programs to help identify, detect, and respond to patterns, practices, or specific activities – known as “red flags” – that could indicate identity theft.

The Commission previously delayed the enforcement of the Rule for entities under its jurisdiction until November 1, 2009. The Commission staff has continued to provide guidance to entities within its jurisdiction, both through materials posted on the dedicated Red Flags Rule Web site (www.ftc.gov/redflagsrule), and in speeches and participation in seminars, conferences and other training events to numerous groups. The Commission also published a compliance guide for business, and created a template that enables low risk entities to create an identity theft program with an easy-to-use online form. FTC staff has published numerous general and industry-specific articles, released a video explaining the Rule, and continues to respond to inquiries from the public. To assist further with compliance, FTC staff has worked with a number of trade associations that have chosen to develop model policies or specialized guidance for their members.

On October 30, 2009, the U.S. District Court for the District of Columbia ruled that the FTC may not apply the Red Flags Rule to attorneys. Today’s announcement that the Commission will delay enforcement of the Rule until June 1, 2010, does not affect the separate timeline of that proceeding and any possible appeals. Nor does it affect other federal agencies’ ongoing enforcement for financial institutions and creditors subject to their oversight.

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 1,700 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s Web site provides free information on a variety of consumer topics.

MEDIA CONTACT:
Office of Public Affairs
202-326-2180

http://www.ftc.gov/opa/2009/10/redflags.shtm

============================================

dmv certified car dealer education

we make it simple for you

charlotte

800-901-5950

++++++++++++

car dealer education websites:

rexhead.net
gotplates.com
redflagclass.com
ezdealerbond.com
autogodfather.com

++++++++++++

we make red flag compliance simple for you + 800-901-5950

AICPA Sues FTC

over Identity Theft Rule

The American Institute of CPAs has filed a lawsuit against the Federal Trade Commission challenging the applicability of the so-called “Red Flags Rule” to CPAs.

The lawsuit follows on the heels of the FTC’s recent decision to delay enforcement of the rule for the fourth time (see FTC Extends Deadline for ‘Red Flags’ ID Theft Rule). The rule, promulgated by the FTC in November 2007 to comply with the Fair and Accurate Credit Transactions Act of 2003, requires financial institutions and creditors to develop and implement written identity theft programs to help identify, detect and respond to patterns, practices or specific activities — known as “red flags” — that could indicate identity theft. It was originally set to take effect on Nov. 1, 2008, but after the latest extension, it is now set to become effective June 1, 2010.

Barry Melancon

 

The AICPA filed suit in the U.S. District Court for the District of Columbia seeking an injunction barring the FTC from applying the Red Flags Rule to CPAs, claiming the rule would impose onerous and unnecessary requirements on AICPA members. Its application to lawyers and law firms has already been blocked after a similar lawsuit was filed by the American Bar Association.

“We do not believe that there is any reasonably foreseeable risk of identity theft when CPA clients are billed for services rendered,” said AICPA president and CEO Barry Melancon in a statement. “As trusted advisors, CPAs are personally acquainted with their clients and already adhere to strict privacy requirements governing identifying information.”

The Red Flags Rule was mainly intended to apply to financial institutions and credit card companies, requiring them to develop and implement programs to detect and respond to activity that may signal identity theft. Under the FTC’s interpretation, the rule would apply to public accountants only because CPA firms typically bill clients for services rendered, thus technically qualifying them as a “creditor.”  However, the AICPA contends that public accountants do not provide financial services that would typically create identity theft risks for clients.

The AICPA’s complaint, filed by the law firm Fried, Frank, Harris, Shriver & Jacobson LLP, alleges that the FTC is exceeding its congressionally granted powers under the 2003 law by interpreting its Red Flags Rule to apply to accountants. The complaint alleges that the FTC has acted arbitrarily, capriciously, and contrary to law by failing to articulate a rational connection between the profession of public accounting and identity theft. The FTC failed to explain how the manner in which public accountants bill their clients in the normal course of business constitutes an extension of credit, according to the AICPA, adding that the FTC further failed to identify any legally supportable basis for applying the rule to accountants.

The AICPA’s lawsuit follows an Oct. 30 order by U.S. District Court Judge Reggie B. Walton in response to the American Bar Association’s lawsuit seeking to enjoin the FTC from applying its Red Flags Rule to practicing attorneys. Judge Walton granted the ABA’s motion in a partial summary judgment, holding that the FTC had exceeded its authority by interpreting the term “creditor” to include attorneys engaged in the practice of law. That same day, the FTC issued a press release announcing that it was delaying enforcement of the rule until June 1, 2010, a decision welcomed by the AICPA.

“The FTC made the right move in delaying implementation of the Red Flags Rule and we certainly still appreciate the commission’s continuing consideration of our request for a CPA exemption,” Melancon said.

A copy of the complaint filed by Fried Frank is available at http://www.aicpa.org/download/news/2009/AICPA-Complaint.pdf.

car dealer education for red flag rules

a recent blog post of ours

citing a fraud arrest

and pending criminal trial

by a car dealer in fresno

( mr al jennings of western fleet )

has resulted in a flurry of conversations

with our car dealer education staff

and an apology to our staff from

mr. al jennings for his conduct.

mr jennings criminal defense attorney

said to me:

” IF AL JENNINGS CANNOT SHUT HIS MOUTH

HE CAN LOOK FOR ANOTHER LAWYER ”

we appreciate mr jennings apology

and wish him well in his criminal fraud case

thx

RED FLAG CERTIFIED CAR DEALER EDUCATION

FTC Extends Enforcement Deadline for Identity Theft Red Flags Rule

At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.

CAR DEALERS WILL HAVE UNTIL JUNE 1, 2010

TO MEET RED FLAG RULES COMPLIANCE
The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the Commission and other agencies to develop regulations requiring “creditors” and “financial institutions” to address the risk of identity theft. The resulting Red Flags Rule requires all such entities that have “covered accounts” to develop and implement written identity theft prevention programs to help identify, detect, and respond to patterns, practices, or specific activities – known as “red flags” – that could indicate identity theft.<br>

The Commission previously delayed the enforcement of the Rule for entities under its jurisdiction until November 1, 2009. The Commission staff has continued to provide guidance to entities within its jurisdiction, both through materials posted on the dedicated Red Flags Rule Web site (www.ftc.gov/redflagsrule), and in speeches and participation in seminars, conferences and other training events to numerous groups. The Commission also published a compliance guide for business, and created a template that enables low risk entities to create an identity theft program with an easy-to-use online form. FTC staff has published numerous general and industry-specific articles, released a video explaining the Rule, and continues to respond to inquiries from the public. To assist further with compliance, FTC staff has worked with a number of trade associations that have chosen to develop model policies or specialized guidance for their members.
On October 30, 2009, the U.S. District Court for the District of Columbia ruled that the FTC may not apply the Red Flags Rule to attorneys. Today’s announcement that the Commission will delay enforcement of the Rule until June 1, 2010, does not affect the separate timeline of that proceeding and any possible appeals. Nor does it affect other federal agencies’ ongoing enforcement for financial institutions and creditors subject to their oversight.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 1,700 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s Web site provides free information on a variety of consumer topics.
MEDIA CONTACT:
Office of Public Affairs
202-326-2180

http://www.ftc.gov/opa/2009/10/redflags.shtm
============================================<br>

dmv certified car dealer education

we make it simple for you

charlotte

800-901-5950

++++++++++++

car dealer education websites:

rexhead.net

gotplates.com

redflagclass.com

ezdealerbond.com

autogodfather.com

++++++++++++

car dealer insurance

is mandatory for

your dealership =

car dealer education

at its best

Dentists Exempted From “Red Flag Rules”

The U.S. House of Representatives Oct. 20 approved by a 400-0 vote legislation to exempt most dental offices from the Federal Trade Commission’s Red Flags Rule. Thirty-two House members were recorded as not voting . “This is great news for most dental practices in this country and demonstrates the effectiveness of our grassroots advocacy initiatives,” said ADA President Ron Tankersley.

Under the Red Flags Rules, creditors must develop a written program that identifies and detects the relevant warning signs – or “red flags” – of identity theft. The program must also describe appropriate responses that would prevent and mitigate the crime and detail a plan to update the program. The program must be managed by the Board of Directors or senior employees of the creditor, include appropriate staff training, and provide for oversight of any service providers.

The FTC has said health care practices may be “creditors” as defined by the 2003 law to include “any entity that extends or renews credit—or arranges for others to do so—and includes all entities that regularly permit deferred payments for goods or services,” and thus subject to the Red Flags Rules. The Association has challenged FTC’s interpretation of the Fair Credit law while seeking legislative remedy.

“It is obvious that physicians and dentists are not creditors, and they should not be forced to spend hundreds of dollars to comply with this needless regulation,” said dentist/Rep. Mike Simpson (R-Idaho), one of the key sponsors of the bill. “They don’t require full payment at the time of service because they first bill the insurance company, then they bill the patient the remainder of the bill. This system should not be treated the same as a loan with a financial institution,” said Congressman Simpson.

“Obviously, applying the Red Flags Rule to the typical dental practice overreached the original intent of the legislation and would result in unnecessary bureaucratic burdens and expense,” Dr. Tankersley said. “I am pleased that the House of Representatives overwhelmingly understood the wisdom of the exemption.”

The Association is seeking similar Senate legislation to assure final congressional passage and enactment of a law providing an exclusion from Red Flags identity theft guidelines for certain businesses including “a health care practice with 20 or fewer employees,” which means most private practice dental offices.

The Enertia is an iconic design, which blends modern electro design while paying homage to its motorcycle heritage (this is likely the reason that the first Enertia prototype is on display at the Museum of Science and Industry in Chicago as part of their Smart Home: Green+Wired exhibit). The look is definitely future-forward and tends to draw a crowd of admirers when ridden around town (people can’t seem to resist getting a glimpse at the future). The Enertia is offered in five different colors (each with a catchy name like subliminal green and glacial blue) letting you choose the color to fit your personal style (so, while the Enertia aspires to lead the world into transportation 2.0 like the Ford Model T did for transportation 1.0, BRAMMO has a lot more flair than Henry Ford did with the Model T and the slogan “Any customer can have a car painted any colour that he wants so long as it is black”).

Click here to view the Enertia gallery