FTC Delays Safeguards Rule Implementation For Certain Financial Institutions - Financial Services
The FTC's new requirements are not without controversy.
Source: mondaq.com
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The FTC's new requirements are not without controversy.
On October 27, 2021, the Federal Trade Commission ("FTC") announced significant updates to the Safeguards Rule. The FTC asked for comments on the Rule in 2019, and held a public workshop on the Rule in 2020.
On February 4, 2021, the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice jointly announced that both agencies would review the processes and procedures...