Extension mention: New deadline for Safeguards Rule comments


By:


Lesley Fair

Racing to finish your comment about proposed changes to the Safeguards Rule by the impending deadline? You can take a breather because the FTC has extended the deadline by 60 days.

The Safeguards Rule requires financial institutions to develop, implement, and maintain a comprehensive information security program. As part of its ongoing review of rules and guides, the FTC proposed changes to the Rule in March 2019 and asked for your feedback. At the request of commenters, you now have until August 2, 2019, to file your comment, which will be placed on the public record.

If you’re interested in the Safeguards Rule, you’re probably also following changes the FTC has proposed to the Privacy Rule, which requires financial institutions to tell customers about their information-sharing practices and to let customers opt out of having their information shared with certain third parties. Those comments are still due on June 3, 2019.

Save yourself a step and file online.