ICBA Urges Consistency in FTC Safeguards Rule

Aug 05, 2019
The Federal Trade Commission should include more entities under a proposed rule that would apply Gramm-Leach-Bliley Act-like standards to institutions it regulates.

In a comment letter, ICBA said the rule should extend to "finders," which collect financially sensitive personal information to promote a more secure environment.

ICBA also called for the rule to be consistent with Federal Financial Institutions Examination Council guidelines.

Read ICBA Letter