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FTC
Extends Comment Deadline on Proposed Changes to Safeguards Rule The Federal Trade
Commission has agreed to extend by 60 days the deadline for the public to
submit comments on proposed changes to the Safeguards Rule, which requires
financial institutions to develop, implement, and maintain a comprehensive
information security program. The FTC
announced in March that it was seeking comment on proposed changes to
the Gramm-Leach-Bliley Act’s Safeguards Rule as well as the Privacy Rule,
which requires a financial institution to inform customers about its
information-sharing practices and allow customers to opt out of having their
information shared with certain third parties. In response to requests from commenters, the
FTC will be publishing a notice
in the Federal Registershortly,
announcing that the deadline to submit comments on the proposed changes to
the Safeguards Rule has been extended to August 2, 2019. Comments on the proposed
changes to the Privacy Ruleare
due on June 3, 2019, the original comment deadline. The Commission voted 5-0 to publish a notice
in the Federal Register extending the deadline for submitting comments on
proposed changes to the Safeguards Rule. The Federal Trade Commission works to promote
competition, and protect
and educate consumers. You can learn
more about consumer topics and file a consumer
complaint online or by calling 1-877-FTC-HELP (382-4357). Like the FTC on Facebook,
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to press releases for the latest FTC news and resources. Contact Information MEDIA CONTACT: STAFF CONTACT: |