Safeguards Implementation Extension Was A (Temporary) Win for Dealers On November 15, 2022, the Federal Trade Commission (FTC) announced that it was extending the December 9, 2022, deadline for financial institutions to fully comply with all of the requirements of the FTC’s Amended Safeguards Rule. Dealers were given an additional six months to ensure they are fully compliant with the new rule (June 9, 2023). The deadline extension is welcome, but dealers are encouraged to not wait until the last minute to ensure compliance. Some of the requirements in the amended Rule are complicated, and they take time to implement. Dealers are encouraged to work with their attorneys, service providers and IT professionals to ensure your dealership complies with the new requirements of the Rule by the June 2023 deadline. It's also important to mention the FTC advertising rules. The commission continues to review the thousands of comments received and NADA will continue staying on top of this important issue. For more information, you can visit www.nada.org/safeguardsrule which contains a variety of resources including webinars, guides, workshops, FAQs and more. • Knowledgable and local Account Manager • Over 150 years of energy experience • Tailored advice from market experts • Pricing programs that fit your needs • Outstanding Customer Care Call today for your free, no-obligation natural gas or power quote! Gail Caputi, Program Manager 609.760.2043 | gcaputi@njcar.org Peter Jagodzinski, Account Manager pjagodzinski@spragueenergy.com | 732.440.0038 Customized Natural Gas & Power Solutions Take advantage of your NJ CAR membership benefits Member benefits: Scan for more information 11 njcar.org
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