FTC Amends “Safeguards Rule” for Covered Financial Institutions
Troutman Sanders
NOVEMBER 3, 2021
By defining “financial institution” and enumerating examples, rather than incorporating by reference to the Privacy of Consumer Financial Information Rule (Privacy Rule) promulgated under the GLBA, the Final Rule allows readers to understand the requirements of the Safeguards Rule without having to refer separately to the Privacy Rule.
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