Our Privacy Policy Federal law requires us to tell you how we collect, use, share, and protect your personal information. Federal law also limits how we can use your personal information.
What is the main requirement of the FTC Safeguards Rule?
The Safeguards Rule requires financial institutions under the FTC's jurisdiction to implement measures to keep customer information secure and to ensure that their affiliates and service providers also safeguard customer information in their care.17 Dec 2021
Is a privacy policy legally required?
There is no general federal or state law that requires a company to have a privacy policy in all circumstances. But there are several laws that require one in some circumstances. The privacy policy must also provide information on the operator's online tracking practices.12 Mar 2015
What does the FTC require?
The FTC also deals with complaints of unfair business practices, such as scams and deceptive advertising. Its Bureau of Consumer Protection conducts investigations into alleged abuses, carries out enforcement actions, and provides educational materials to consumers.
Who is required to have a privacy policy?
There is no general federal or state law that requires a company to have a privacy policy in all circumstances. But there are several laws that require one in some circumstances. Not having a privacy policy when it is required by law is a potential compliance problem that can lead to liability.12 Mar 2015
What is FTC privacy Rule?
Our Privacy Policy Federal law requires us to tell you how we collect, use, share, and protect your personal information. Federal law also limits how we can use your personal information. Protecting the privacy and security of consumers' personal information is very important to us.
Are FTC complaints public?
Yes. Many materials, such as records related to Commission organization procedures, industry guidance, rulemaking, adjudicative proceedings, consent agreements, and investigations are already publicly available on the FTC's website.
What is FTC privacy?
Section 5 of the Federal Trade Commission (FTC) Act codifies the FTC's broad authority to police “unfair or deceptive acts or practices in or affecting commerce."1 Using this authority, the FTC has emerged as the chief enforcer of consumer privacy in the United States.
Is there a private right of action under the FTC Act?
Section 5 of the Federal Trade Commission Act (FTCA) states: "Unfair methods of competition in commerce, and unfair or deceptive acts or practices in commerce, are declared unlawful."' Since 1926 federal courts have held that there is no private right of action under this section, declaring that only the Federal Trade
Who controls the FTC?
The Commission is headed by five Commissioners, nominated by the President and confirmed by the Senate, each serving a seven-year term. No more than three Commissioners can be of the same political party. The President chooses one Commissioner to act as Chair.
Does filing a complaint with the FTC do anything?
Complaints help the FTC and other law enforcement agencies bring scam artists to justice and put an end to unfair and misleading business practices. If you have a complaint, file it online or call 1-877-FTC-HELP. The Federal Trade Commission is the nation's Consumer Protection Agency.
Can I report a scammer anonymously?
The Federal Trade Commission (FTC) is the main agency that collects scam reports. Report the scam to the FTC online, or by phone at 1-877-382-4357 (9:00 AM - 8:00 PM, ET).