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FTC extends comment deadline for Safeguards Rule
Chris Hamblin
5 June 2019
The FTC announced in March that it was seeking comment on proposed changes to the Gramm-Leach-Bliley Act’s Safeguards Rule as well as its Privacy Rule, which requires every financial institution to inform customers about its information-sharing practices and allow customers to opt out of having their information shared with certain third parties. In response to requests from commenters, the FTC will be publishing a notice in the Federal Register shortly, announcing that the deadline to submit comments on the proposed changes to the Safeguards Rule has been extended to 2 August. Comments on the proposed changes to the Privacy Rule ended yesterday. The FTC is a federal agency with a brief to protect consumers as well as promote competition.