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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.

It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.

The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.

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We don't edit comments to remove objectionable content, so please ensure that your comment contains none of the above. The comments posted on this blog become part of the public domain. To protect your privacy and the privacy of other people, please do not include personal information. Opinions in comments that appear in this blog belong to the individuals who expressed them. They do not belong to or represent views of the Federal Trade Commission.

Lilian Pedroso…
May 21, 2019
The Safe Rule require financial institution to develop, implement and maintain a comprehensive information security program.As part of its ongoing review of rules and guides, to propose changes to the Rules, to Private Rule to sharing information.
Jeffrey D. Jones
May 22, 2019