FTC Guidelines Rule 2023
The FTC Guidelines are for all business that are considered a financial institution.
The deadline for compliance is
June 9, 2023.
What makes you a Financial institution?
Financial institution means any institution the business of which is engaging in an activity that is financial in nature or incidental to such financial activities as described in section 4(k) of the Bank Holding Company Act of 1956, 12 U.S.C § 1843(k). An institution that is significantly engaged in financial activities, or significantly engaged in activities incidental to such financial activities, is a financial institution.