New federal regulations, known as "red flag rules," require financial institutions and creditors to develop and implement written identity-theft-prevention programs. Many municipalities may be affected by these regulations. Initially, the due date was November 1, 2008. The Federal Trade Commission, however, suspended enforcement of the new “Red Flags Rule” until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written identity theft prevention programs. Full Story on the FTC Website
In the meantime, the information below offers some analysis of these rules, and links to sample ordinances and templates from various organizations.