Understanding the Nine Requirements of the FTC Safeguards Rule for Auto Dealerships
With December 9 just weeks away, auto dealerships need to prepare for changes in the FTC Safeguards rule and understand how they’re going to move forward in compliance with the new rule. With roots in the Gramm-Leach-Bliley Act (GLBA), the Safeguards Rule expands the definition of “financial institution” to include a broader swath of industries that provide financial services to customers.