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Home » Store » Taxable » Tech Budgets for Security Compliance Rise

Tech Budgets for Security Compliance Rise

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Compliance technology geared towards consumer privacy and data security has become a major spending item among large mortgage lenders in the last two years and is expected to grow more through 2005, according to a new technology study released by the Mortgage Bankers Association. MBA 2004 Technology Study estimated that compliance technology spending jumped 51 percent between 2002 and 2003 as lenders struggled to meet new requirements under the Sarbanes-Oxley Act, the Gramm-Leach-Bliley Act, and
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