On October 27, the Federal Trade Commission (FTC) announced a final rule (Final Rule) and supplemental notice of proposed rulemaking (NPRM) to amend the Safeguards Rule promulgated under the Gramm-Leach-Bliley Act (GLBA),...more
The FTC has proposed amendments to its 2003 Safeguards Rule and 2000 Privacy Rule, applicable to financial institutions under the Gramm Leach Bliley Act (GLBA). The proposed changes are informed by the FTC’s enforcement...more
The FTC has proposed amendments to its 2003 Safeguards Rule and the 2000 Privacy Rule, applicable to financial institutions under the Gramm Leach Bliley Act (GLBA). ...more
3/8/2019
/ Banking Sector ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Security ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Gramm-Leach-Blilely Act ,
Personally Identifiable Information ,
Privacy Rule ,
Proposed Amendments ,
Rulemaking Process ,
Safeguards Rule
A new bill introduced by House Financial Services subcommittee Chairman Rep. Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. ...more
9/11/2018
/ Banking Sector ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Data Security ,
Federal Breach Notification Standard ,
Financial Institutions ,
Financial Services Industry ,
Gramm-Leach-Blilely Act ,
Information Technology ,
Insurance Industry ,
Legislative Agendas ,
Personally Identifiable Information ,
Policies and Procedures ,
Popular ,
Preemption ,
Proposed Legislation ,
Risk Management
The Bank for International Settlement (BIS) Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) last week issued the first internationally agreed-upon...more
7/7/2016
/ Bureau of Industry and Security (BIS) ,
Committee on Payments and Market Infrastructure (CPMI) ,
Corporate Governance ,
Cyber Attacks ,
Cybersecurity ,
Financial Institutions ,
Financial Markets ,
Gramm-Leach-Blilely Act ,
IOSCO ,
New Guidance ,
Risk Management
The Consumer Financial Protection Bureau (CFPB) has announced its first data security enforcement action. Since the 1990s, the Federal Trade Commission (FTC) has primarily taken on the role as the de facto federal regulator...more
An amendment creating an exception to the annual privacy notice delivery requirement for financial institutions has been signed into law by President Obama as part of the “Fixing America’s Surface Transportation Act” (FAST...more
The Federal Trade Commission (FTC) recently proposed amendments to its Gramm-Leach-Bliley Act (GLBA) rules requiring motor vehicle dealers to send their customers an annual privacy notice. The amendments would allow motor...more
6/23/2015
/ Automotive Industry ,
Car Dealerships ,
Consumer Financial Protection Bureau (CFPB) ,
Disclosure Requirements ,
Federal Trade Commission (FTC) ,
Gramm-Leach-Blilely Act ,
Notice Requirements ,
Privacy Policy ,
Proposed Amendments ,
Rulemaking Process ,
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