Small businesses may escape ID theft regulation

Angela Moscaritolo of SC Magazine notes the unanimous passage in the U.S. House of Representatives this week of legislation that would exempt certain small organizations from complying with rules requiring creditors -- including some small business creditors -- to develop programs to identify, detect and respond to indications of identity theft. A bill passed this week would amend the rule and exclude health care, accounting and legal practices with 20 or fewer employees from having to comply with the regulations, set to be enforced starting next month.