Looks like employing the classic legal strategy of delaying the case has paid off for the American Bar Association—at least for the time being. A federal judge today determined that lawyers should be exempted from the Red Flag Rules intended to curb identity theft.
The Red Flag Rules go into effect this weekend for all businesses that fall under the Federal Trade Commission’s definition of creditor. Essentially, the FTC considers any business that provides services before payment is rendered or allows customers, clients or patients to make payments on their bills to be a creditor.
Federal Judge Reggie Walton said he disagreed with that definition, and that the definition was so broad that a plumber who worked on a toilet for two days before billing the customer would be considered a creditor. (more…)