Safeguards Rule news and trends

CFPB Head Faces Privacy Questions From Senate
Regulation // March 13, 2019

The Consumer Financial Protection Bureau’s privacy practices came under scrutiny Tuesday (March 12) during a U.S. Senate hearing, further proof that issues related to online security and privacy are increasingly a topic that has the attention of lawmakers and regulators, and not just in the...

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FTC to Require Non-Banking Financial Institutions to Report Data Breaches

October 27, 2023
The Federal Trade Commission (FTC) will require non-banking financial institutions to report certain data security breaches. In a unanimous decision, the regulator has approved an amendment to the Safeguards Rule, requiring non-banking financial institutions like mortgage brokers, motor vehicle dealers and payday lenders to report data security breaches affecting the information of 500 or more people, the FTC said […]

CFPB Head Faces Privacy Questions From Senate

March 13, 2019
The Consumer Financial Protection Bureau’s privacy practices came under scrutiny Tuesday (March 12) during a U.S. Senate hearing, further proof that issues related to online security and privacy are increasingly...