On Oct. 27th, 2023, the FTC finalized another amendment to the Safeguards Rule under the Gramm-Leach Bliley Act (GLBA). This amendment is scheduled to become effective April 24, 2024 and will require a broad range of non-bank financial institutions to notify the FTC of certain data breaches. The new breach notification obligation will be a significant change for financial institutions covered by the FTC’s Safeguards Rule, as the number of reportable incidents is broader than other current requirements.
Join Becki Kuehn, Partner at Hudson Cook, Dailey Wilson, Partner, Hudson Cook, and Eric J. Ellman, CDIA’s SVP of Public Policy and Legal Affairs, for an in-depth webinar covering what you need to know to prepare for these new and upcoming requirements. If you’re a mortgage broker, nonbank lender, consumer reporting agency, real estate appraiser, auto dealer that engage in certain leasing activities, certain fintech company, and credit counselor or other non-bank financial institutions, sign up today to learn how the new amendment will impact your business.
