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.
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