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House passes bill exempting lawyers from ‘red flags’ rule (access required)
Legislation moves to President for signature

By: Correy Stephenson
Published: December 8, 2010

Tags: , , , ,

Just days after the Senate passed a bill to exempt lawyers from the application of the controversial “red flags” rule, the House of Representatives has followed suit, sending the legislation President Barack Obama for his signature. The rule requires businesses that accept deferred payments from clients to create written policies outlining how they will prevent, ...
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