Compliance

FTC Expands Data Security Requirements, Impacting Dealers

FTC Expands Data Security Requirements, Impacting Dealers

At the end of October, the Federal Trade Commission (FTC) announced its expansion of the Safeguards Rule to better protect consumer financial information from cyberattacks and security breaches. The amended Rule’s most significant requirements will take effect one year from the date it’s published in the Federal Register, which means dealers will need to comply likely by the fourth quarter of 2022. Here are five things you need to know.

The Destination Is in Sight

While the road less traveled may not be the quickest path to our metaphorical destination, in...

While the road less traveled may not be the quickest path to our metaphorical destination, in the compliance world, both the destination and all other charges should be clearly and accurately disclosed and acknowledged by the consumer.

Ask the Expert

Senior Vice President of Wealth Building and Strategic Accounts

David DeCredico

Senior Vice President of Wealth Building and Strategic Accounts

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