Industry News

Mortgage cos. accused of consumer privacy violations

FTC alleges cos. failed to safeguard customer names, social security numbers
Published on Nov 16, 2004

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by CareyBot

The Federal Trade Commission has charged two mortgage companies with violating the agency’s Gramm-Leach-Bliley (GLB) Safeguards Rule by not having reasonable protections for customers’ sensitive personal and financial information. The FTC filed an administrative action against Nationwide Mortgage Group Inc. ...