The Consumer Finance Watchdog has announced its intention to crack down on the sharing of sensitive personal data, emphasizing the importance of ensuring that such information is only disclosed for legitimate purposes. This move comes amidst growing concerns over data privacy and security in the mortgage industry, highlighting the need for stricter guidelines and regulations to protect consumer information.
Key points from the text:
– Consumer Finance Watchdog’s focus on safeguarding sensitive personal data
– Emphasis on sharing information for legitimate purposes only
– Heightened concerns over data privacy and security in the mortgage industry
– Call for stricter regulations to protect consumer information
You can read this full article at: https://www.housingwire.com/articles/cfpb-regulatory-proposal-consumer-information-data-brokers/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
