Compliance Series: FTC Safeguards
Understanding the FTC Safeguards Rule Fundamentally, the FTC Safeguards rule is about how you store and protect your customers’ data. The last ten years have seen a tightening of regulations related to cybersecurity, data collection, and privacy on a global scale, so it’s no surprise that new Federal Trade Commission regulations should dictate how financial […]
Everything You Need to Know About Section 1071 of Dodd-Frank
On the surface of it, section 1071 of the Dodd-Frank Act is about the data you collect and report on, but at its core, it’s about fair lending practices. The Act itself, though, was created to address issues that contributed to the 2008 financial crisis. It represented the most far reaching Wall Street reform in history. […]