A federal appeals court in Washington wrangled today with the definitions of “credit” and “any person” as it tried to determine whether the Federal Trade Commission overstepped its authority in regulating the legal profession.

The panel’s three judges asked skeptical questions of both lawyers in a case between the FTC and the American Bar Association. The ABA sued the FTC on behalf of lawyers trying to win an exemption from the “Red Flags Rule,” a new regulatory scheme designed to prevent identity theft among creditors. The ABA won a lower court ruling in December 2009.

This content has been archived.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 Advance® 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]