The red flag rule was added to FACTA to help prevent identity theft by creating policies to detect possible fraud. The ABA has successfully argued that they should not be required to implement the rule. The change comes in the Red Flag Program Clarification Act of 2010.
This is another example of special interest groups winning over the common interest of the citizens. For shame ABA.
We might have a winner for the cheapest attorney in Houston. William Weber not just dumped his clients personal information in the trash for anyone to find but he was even to cheap to pay for the dumpster. He had his wife leave them behind a daycare. When asked if he should be required to protect his clients personal information he didn’t think so.
This isn’t the first lawyer who has used the “go ahead and sue me” approach to shirking their responsibilities. I am guessing a paper shredding service would be less than what he charges per hour. See the video.