In Billing
Dec 10th, 2010
The U.S. House of Representatives passed without objection, Dec. 7, the Red Flag Program Clarification Act of 2010 (S.3987). This legislation limits the type of creditors that must comply with the often-delayed Red Flags Rule. The Senate unanimously passed the bill on Nov. 30. Under the bill, physicians are no longer considered creditors and are exempt ...
In Billing
Jul 2nd, 2010
The head of the Federal Trade Commission (FTC) now says physicians should not be included in the Red Flags Rule’s definition of a “creditor,” but it would take congressional action to exempt them. “We agree with you that the Red Flags Rule reaches too far,” said FTC Chair Jon Leibowitz June 14 at the American Medical ...
Mar 30th, 2009
The new Red Flags Rules go into effect May 1. These rules, enforced by the Federal Trade Commission (FTC), are meant to combat consumer identity theft, and apply to any business qualifying as a creditor or financial institution under the law. Many doctor’s offices, hospitals, and other health care providers qualify as creditors according to ...