On Friday, October 27, the Federal Trade Commission ("FTC") announced new amendments to the Safeguards Rule, requiring covered financial institutions to report certain data breaches to the FTC and reflecting its continuing...more
11/13/2023
/ Cybersecurity ,
Data Protection ,
Data Security ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FTC Act ,
Gramm-Leach-Blilely Act ,
New Amendments ,
Non-Bank Lenders ,
Personal Information ,
Popular ,
Privacy Rule ,
Risk Assessment ,
Risk Management ,
Safeguards Rule ,
Section 5
In AMG Capital Management v. FTC, the U.S. Supreme Court ruled the Federal Trade Commission Act does not allow the FTC to seek, from violators of the Act, "equitable monetary relief" in the form of restitution or...more
9/23/2021
/ AMG Capital Management LLC v FTC ,
Department of Justice (DOJ) ,
Disgorgement ,
Enforcement Actions ,
Enforcement Authority ,
Equitable Relief ,
Federal Trade Commission (FTC) ,
FTC Act ,
FTCA Section 13(b) ,
Injunctive Relief ,
Permanent Injunctions ,
Restitution ,
SCOTUS