A report expected in November at the Federal Trade Commission—two years after the close of a public comment period—could lead to updated federal privacy rules governing how banks protect consumer data.
The FTC has been considering how to change the Gramm-Leach-Bliley Act Safeguard Rules, given the existing patchwork of federal, state, and local rules. Its plan, released Oct. 17 in the Trump administration’s fall regulatory agenda, specified that a report incorporating staff and public recommendations will go to commissioners by the end of November.
The commission—the lead U.S. consumer protecting authority—will then examine “the economic impact and benefits of ...
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