FTC Finalizes Secure Formula for Non-Bank Finance Institutions

FTC Finalizes Secure Formula for Non-Bank Finance Institutions

On October 27, the FTC launched one last tip amending the criteria for Safeguarding client info, titled a€?the Safeguards Rule,a€? underneath the Gramm-Leach-Bliley Act, and is applicable to an easy selection of non-banking financial institutions, particularly check-cashing organizations, payday lenders, lenders, nonbank lenders, personal home or houses appraisers, professional tax preparers, courier providers, and credit scoring companies to improve, put into action, and continue maintaining a comprehensive security system to maintain their consumers’ records safe. Continue reading