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Government

Dec. 9, 2010

Lawyers Excluded From Red Flags Rule

The American Bar Association successfully convinced the Federal Trade Commission to exclude lawyers from the "Red Flags Rule," a control to prevent identity theft that the ABA argued would create headaches for the legal industry.


By Sara Randazzo


Daily Journal Staff Writer


After more than a year of fighting, the American Bar Association successfully convinced the Federal Trade Commission to exclude lawyers from the "Red Flags Rule," a control to prevent identity theft that the ABA argued would only create headaches for the legal industry.


Congress passed legislation Tuesday to waive lawyers from the regulation, an extension of the Fair and Accurate Credit Tra...

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