U.S. Federal Trade Commission

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Go-To Guide:

  • The Safeguards Rule compliance deadline is delayed by six months
  • Eight subsections of the Safeguards Rule are affected by the delay
  • The new effective date for compliance is June 9, 2023
  • The FTC cited implementation challenges for small business as the reason for the delay.

On Nov. 15, 2022, the Federal Trade Commission…

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.

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