On June 16, 2025, the Federal Trade Commission (FTC) issued FAQs that directly affect many automobile dealers, clarifying how its Safeguards Rule (the Rule), part of the FTC’s implementation of the Gramm-Leach-Bliley Act (GLBA), applies to the automotive sector. The Rule requires non-banking financial institutions to implement measures to protect customer information—and the FTC is
Safeguards Rule
Privacy Tip #374 – FTC Warns Tax Preparation Companies About Use of Tax Information for Other Purposes
By Linn Foster Freedman on
Posted in Privacy Tips
The information you provide to your tax preparer is as sensitive as it gets. The assumption is that the tax preparation company is only using your data to prepare your taxes. In an enforcement action against Beneficial Corp., the FTC alleged that the company was engaged in unfair and deceptive practices by “using information collected…