Ftc Safeguards Rule 2022 Dealerships. These new revisions must be in place by organizations obligated to comply by december 9th, 2022. The safeguards rule is a federal law that establishes steps financial institutions — and auto dealerships — should take to protect customer data.
The federal trade commission is cracking down on deceptive data practices and auto dealerships must comply with the revised ftc safeguards rule by june 9th, 2023, or run the risk of some heavy financial penalties. What your business needs to know walks you through the analysis to help make that determination.