FTC Extends Safeguards Compliance Deadline

The Federal Trade Commission (FTC) on Nov. 15 announced it is extending by six months the deadline for companies to comply with some of the amendments to the FTC’s Safeguards Rule.

Earlier this year, NADA submitted comments to the FTC seeking an extension of the deadline. The deadline for complying with some of the updated requirements of the Safeguards Rule is now June 9, 2023.

NADA has published a one-stop landing page for all NADA Safeguards Rule resources at nada.org/safeguardsrule. Dealers can find a number of resources, including: webinars, guides, workshops, NADA Affinity providers, FAQs, and more. Dealers are encouraged to review the resources to help them comply with the changes.