U.S. Federal Trade Commission (FTC)

On Oct. 27, 2021, the Federal Trade Commission (FTC) amended its Standards for Safeguarding Customer Information (the “Safeguards Rule”), promulgated under the Gramm-Leach-Bliley Act (GLBA).

This GT Alert covers the following:

  • The FTC has expanded the definition of “Financial Institutions” to include more types of companies, although smaller companies remain exempt from more onerous requirements.

In a unanimous decision released on April 22, 2021, the U.S. Supreme Court upended decades of lower court precedent by finding that Section 13(b) of the Federal Trade Commission Act (FTC Act) does not authorize the FTC to seek, or a court to award, equitable monetary relief such as restitution or disgorgement. Instead, in AMG

On Feb. 10, 2021, Acting Federal Trade Commission (FTC) Chairwoman Rebecca Kelly Slaughter offered a glimpse of where the FTC may be headed under the Biden administration and confirmed that privacy remains among the Commission’s top priorities.

In her keynote address to the Future of Privacy Forum, Slaughter shared her views on the FTC’s role