The Federal Trade Commission (FTC) recently proposed to amend a pair of rules promulgated under the Gramm-Leach Bliley Act (GLBA) that would bring broad new requirements for financial institutions to protect the privacy and security of the customer information they hold. Both proposals are intended to align the FTC’s interpretations of the rules with those of other agencies.
In separate notices of proposed rulemaking, the FTC is seeking comments on proposed changes to enhance the effectiveness of the federal Safeguards Rule and the Privacy Rule, both of which implement portions of the GLBA.
Find out more details about the proposed amendments and what feedback the FTC is seeking.