Rural Water - Quarter 3, 2011 - (Page 36) Regulatory Update BY ED THOMAS, NRWA Red Flag Rule – In the last quarterly magazine, we reported that water and wastewater utilities potentially may not be required to comply with the Red Flag Rule (www.ftc.gov/redfl agsrule). The rule was developed by the Federal Trade Commission (FTC) but the regulation came under a lot of scrutiny due to the broad scope of potential businesses who would be mandated to comply. In December, 2010 Congress passed legislation that changed the defi nition of “creditor” to significantly limit the type of entities covered by the rule. The FTC has initially indicated that many water and wastewater utilities are not likely included in the defi nition as a creditor as most utilities are providing a service and not advancing funds on the utilities behalf. However, utilities should ensure that they are excluded from the Red Flag Rule being exempt Continued on page 38 36 • Third Quarter 2011 http://www.ftc.gov/redfl Table of Contents for the Digital Edition of Rural Water - Quarter 3, 2011 FROM THE PRESIDENT WILL YOU SURVIVE THE NIGHT OF THE BABY BOOMER EXODUS? A BOARD PERSPECTIVE: HOW TO AVOID THE NONPROFIT LEADERSHIP GAP WHAT’S IN A NAME? ENGINEERING CONTRACTS 101 – PART TWO REGULATORY UPDATE THROWING MY LOOP INDEX TO ADVERTISERS/ ADVERTISERS.COM FROM THE CEO Rural Water - Quarter 3, 2011 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0412 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0312 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0212 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0112 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0411 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0311 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0211 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0111 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0410 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0310 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0210 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0110 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0409 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0309 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0209 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0109 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0408 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0308 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0208 http://www.nxtbook.com/nxtbooks/naylor/NRWQ0108 http://www.nxtbookMEDIA.com
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