The Federal Trade Commission will appeal a ruling from October that stripped the agency of its authority to enforce new anti-fraud rules against lawyers.

The so-called “Red Flags” regulations are designed to prevent identity theft, and the FTC argues that the regulations must apply to all “creditors” in order to comply with federal law. The agency includes lawyers in its definition of “creditors” because lawyers frequently begin working for a client on credit, accepting payment some time later.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]