Tuesday, May 12, 2009

Are Bars, Doctors & Lawyers now credit companies?

Are Bars, Doctors & Lawyers now credit companies?

Waving the Red Flag on "The Red Flag"... The Florida Modern Whigs were tweeting out their concerns of the New Red Flag Requirement from the FTC.  It's a program to "detect, prevent, and mitigate" identity theft.

The FTC says the Red Flags Rules only apply: to “financial institutions” and “creditors” with “covered accounts.”

But, what does that mean?  The Whig Tweets claim: "A bar runs a tab for their regulars; however with the FTC Red Flag Law, the Bar is required to collect photo ID as they are now a credit co." and tweets warn of "if you sign a pledge card 4 a non-profit or charity, they are required to obtain your photo ID and keep it on file."

Analysis from Business Management Daily says small and mid-sized business think this new rule to protect credit fraud does not apply to them, but they could find-out with "audits, fines and class action suits."

The Wisconsin Law Journal points out doctors and lawyers could also be forced to live up to these new rules.

So if you qualify for this rule, what do you have to do?
*Develop a written program that identifies and detects the red flags of identity theft.
*Describe appropriate responses that prevent and mitigate identity theft.
*The program must be managed by the Board of Directors or senior employees. 


"Stress Test" the bank's bank...

"Stress Test" the bank's bank... that's the word from some Libertarian leaders.

In a story posted on "The Center for Libertarian Press Information" Libertarians are calling on an audit of the Federal Reserve.

They're backing Congressman Ron Paul's HR1207 calling for a public audit of the Fed.

What would we find?


Texas now getting ready for indys...

Texas now getting ready for indys... thanks to Texas House Bill 1193.  On Tuesday the bill was placed on the placed on Local, Consent, and Res. Calendar.  The bill, which passed committee about one month ago, now is rolling along.

The bill is good for both major and minor parties.  The bill keeps the most rules in place, but the big change is allowing filing for Presidential Candidates up until one day after a party's convention.

This was a big concern in the 2008 election.  The old rules said a candidate had to file 70 days before the general election.  With conventions moving later on the calendar a number of parties were in the danger zone of not qualifying for the Texas ballot (and all of those electoral votes).

There was even a lawsuit involving Bob Barr (Lib).

Representative Kelly Hancock - http://www.house.state.tx.us/members/dist91/hancock.php
Representative John E. Davis - http://www.house.state.tx.us/members/dist129/davis.php
Representative Dan Flynn - http://www.house.state.tx.us/members/dist2/flynn.php
Texas House - http://www.legis.state.tx.us/billlookup/Actions.aspx?LegSess=81R&Bill=HB1193&Sort=A
DallasNews.com "Libertarian Bob Barr sues to have McCain, Obama cast off Texas' ballot" - http://www.dallasnews.com/sharedcontent/dws/news/politics/state/stories/DN-barr_19pol.ART.State.Edition1.268aa61.html

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