Financial Institutions, Public Comment, Data Security

GLBA Set for Overhaul? 10 Questions That May Decide the Next Generation of Financial Privacy Law

Fisher Phillips on 8/18/2025

Congress is asking the financial industry – and anyone else with a stake in consumer data – to weigh in on the future of the Gramm-Leach-Bliley Act (GLBA). On July 31, the US House Financial Services Committee leaders issued...more

FTC Overhauls Safeguards Rule Regarding Customer Information Applicable to Auto-Dealers and Other "Financial Institutions"

Hinshaw & Culbertson - Privacy, Cyber & AI... on 12/3/2021

On October 27, 2021, the FTC announced that it intends to publish (1) a final rule to amend the Standards for Safeguarding Customer Information (Safeguards Rule); (2) a supplemental notice and request for public comment on...more

Ask and You Shall Receive: CFPB Issues ANPR on Consumer-Permissioned Access to Financial Records

Hudson Cook, LLP on 12/2/2020

Financial institutions and fintech firms increasingly access consumer financial data and provide services to consumers using data from various financial accounts. This includes programs that assist consumers in managing...more

Last Chance for Financial Companies to Weigh in On New FTC Data Security Standards

BCLP on 3/18/2019

For the first time in 17 years, the FTC is proposing significant increases to the information security standards which apply to those financial institutions that are regulated by the FTC and are not already subject to similar...more

FTC Seeks Comment on Proposed Changes to GLBA Implementing Rules

Hogan Lovells on 3/14/2019

The Federal Trade Commission (“FTC”) issued notices on March 5 seeking public comment on proposed amendments to the regulations implementing the Gramm-Leach-Bliley Act (“GLBA”), commonly known as the Safeguards Rule and...more

Feds Propose Enhanced Cyber Standards for Nation’s Largest Banks and Their Boards

Patterson Belknap Webb & Tyler LLP on 10/20/2016

Bank regulators are continuing to demand more accountability from corporate leaders when it comes to compliance with cybersecurity safeguards. In an advance notice of proposed rulemaking issued yesterday, federal...more