FTC Fines Auto Dealer on GLB Violations
PRIVACY LAW—U.S.June 14, 2012
The Federal Trade Commission has cited a Georgia car dealership for violations of the Gramm-Leach-Bliley Act and Section 5 of the FTC Act, Automotive News reports. The agency said Franklin's Budget Car Sales, Inc., of Georgia, "compromised consumers' personal information by allowing peer-to-peer software to be installed on its network, which resulted in sensitive financial information being uploaded to a P2P network," affecting 95,000 consumers. A proposed settlement agreement would prohibit Franklin from misrepresenting itself on privacy and from violating the GLB Safeguards and Privacy Rule. Franklin must also establish and maintain an information security program and undergo audits for the next two decades, according to an FTC press release.