The president of the American Bar Association said Wednesday the group
may file a suit by the end of next week if it cannot persuade the
Federal Trade Commission to exempt lawyers from new regulations set to
take effect Aug. 1. The ABA has been lobbying for months to have lawyers
kept out of the regulations, which require businesses and organizations
that act as "creditors" to establish a program for preventing identity
theft. The FTC and the ABA differ on how much of a burden the
regulations would put on businesses.
Discuss Bury
may file a suit by the end of next week if it cannot persuade the
Federal Trade Commission to exempt lawyers from new regulations set to
take effect Aug. 1. The ABA has been lobbying for months to have lawyers
kept out of the regulations, which require businesses and organizations
that act as "creditors" to establish a program for preventing identity
theft. The FTC and the ABA differ on how much of a burden the
regulations would put on businesses.
Discuss Bury
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