Another “red flag” on the regulatory front — New FACTA rules seek to curb medical identity theft

Description

Abstract: In November 2007, the Federal Trade Commission (FTC) issued regulations known as “Red Flag Rules” as part of the Fair and Accurate Credit Transactions Act of 2003 (FACTA). The purpose of the Red Flag Rules is to address the growing incidence of identity theft, including financial and medical identity theft. This article discusses the new rules and how practices can integrate the revised regs into their operations.