On November 15, the FTC announced a six month extension to the deadline for companies to comply with the Safeguards Rule. The Safeguards Rule requires non-banking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe (we discussed the Safeguards Rule in a previous blog post here). The deadline for complying with some of the updated requirements of the Safeguards Rule is now June 9, 2023.

Continue Reading FTC Extends Deadline for Safeguards Rule Compliance to June 9, 2023