Financial Institutions Must Comply with FTC’s Revised “Safeguards Rule” by December 2022
MICHAEL NEWELL—The Federal Trade Commission (“FTC” or “Commission”), created by congressional statute, is empowered to prescribe rules that define with specificity acts or practices in or affecting commerce that are unfair or deceptive and establish requirements designed to prevent such acts or practices. In October 2021, the FTC issued a final rule to amend the […]
