Friday, June 18, 2010

Identity-theft rules delayed


Gary Haber reports: Under the new rules, businesses would need to be able to flag situations where a customer tries to use another person’s identity, such as where a person’s appearance does not match the information on his driver’s license. Federal banking regulators have applied similar rules to banks, credit unions and savings and loans since November 2008.

... “These rules are a good first step,” said Marceline White, executive director of the Maryland Consumer Rights Coalition. “The fact that they are being delayed is unfortunate. We’re in a status quo position, which is not good enough.”

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