The rule applies to data breaches affecting at least 500 customers.
According to the FTC, the rule will go into effect 180 days after being published in the Federal Register.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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FTC Expands Data Breach Disclosure Rules to Non-Banks
The Federal Trade Commission has given the go-ahead to a new rule that will require mortgage brokers and other non-banking financial institutions to report data breaches within 30 days. So reports PYMNTS.
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