FTC Extends Comment Deadline on Proposed Changes to Safeguards Rule
The FTC announced in March that it was seeking comment on proposed changes to the Gramm-Leach-Bliley Acts 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.
- The FTC announced in March that it was seeking comment on proposed changes to the Gramm-Leach-Bliley Acts 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 Register shortly, 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 Rule are 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.