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Thursday, Mar 28, 2024

ABA Seeks Summary Judgment Against FTC on Red Flag Rule

The American Bar Association filed a motion for summary judgment in its action seeking an injunction blocking the Federal Trade Commission from enforcing the so-called Red Flags Rule against lawyers. The motion asks the United States District Court for the District of Columbia to schedule oral arguments before Oct. 23 on its motion, which asks the to rule that the FTC exceeded its authority in seeking to require lawyers to implement identity theft protection programs under legislation applying to financial institutions and lenders such as banks, finance companies and automobile dealers. The ABA filed suit Aug. 29 to block the FTC’s plan to begin applying the rule to lawyers Nov. 1. Thom Senzee

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