Archive for December, 2010

Red Flag Rule Relief For Health Care Providers, Lawyers & Other Service Providers Awaits President’s Signature

Congress has approved and sent to the President for signature legislation exempting doctors, dentists, hospitals, veterinarians, and other health care providers, lawyers, accountants, consultants and other service providers that allow customers to pay for their services and supplies over time from the burdensome “Red Flag Rules” of the Fair and Accurate Credit Transactions Act of 2003 (FACTA). However, Health industry and other businesses expectingto enjoy relief from the Red Flag Rules as a result the Act should review contractual and other obligations to properly understand their continuing legal responsibilities and, where warranted, consider seeking the removal of contract amendments to remove provisions incorporated into contracts solely in anticipation of Red Flag Rules mandates.

Continue Reading December 8, 2010 at 1:02 pm


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December 2010
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