Volume 25 - Number 18
September 1, 2014
Industry Groups Express Privacy Concerns With Narrative Proposal
Some industry representatives are worried about maintaining the privacy of consumer personal data in the context of expanding the CFPB’s complaint database with consumer narratives, as the bureau recently proposed. Meanwhile, others fret that financial services companies will be unjustifiably smeared by rumors and false accusations. “[W]e have grave concerns that the CFPB’s public database of complaint information puts consumers’ nonpublic personal information at risk of public discovery,” said the Consumer Mortgage Coalition. “The CFPB now proposes to expand the amount and types of information it will publish, which increases the risk and extent of inappropriate breaches of consumer’s privacy without their knowledge.” In the new age of “Big Data,” concerns about the privacy of consumers’ personal information are heightened ...
Subscribers to Inside the CFPB have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.
Subscriber Log In
If you are a current subscriber or already purchased this article, please login below.
This biweekly keeps mortgage executives on top of the onslaught of new legal and regulatory issues the industry has been seeing.
You can purchase this article for $55.00 without subscribing and always have access to it on insidemortgagefinance.com.
Please contact Customer Service if you need assistance: 1-800-570-5744