In an article on his Payments Industry Regulation blog titled "FTC Red Flags Rule Enforcement Delay -"What Red Flags Rules?"", our friend and colleague Broox Peterson takes a look at the FTC's recent decision to delay compliance requirements to May 1, 2009 "for entities under its jurisdiction to comply with the "Red Flags" rules".

Broox writes: "The FTC discovered during outreach and education attempts after adoption of the regulation that many of the entities subject to the Red Flags rule were not aware that such a rule existed, much less that they were subject to it, or even that they were subject to FTC jurisdiction at all."