FTC Publishes FAQs on Safeguards Rule Requirements for Auto Dealers
Legislation
The FTC has published Frequently Asked Questions regarding the requirements of the Safeguards Rule, mandated by the Gramm-Leach-Bliley Act, and its specific application to automobile dealers. This initiative aims to bring clarity to the market and minimize constraints for legitimate businesses. The Safeguards Rule is a regulation aimed at protecting consumers' personal information by requiring businesses to implement appropriate security measures.