Friday, May 12, 2006

FTC settles with mortgage company for dumping customer applications

The US Federal Trade Commission has just settled a case with Nations Title Agency and its parent company, Nations Holding Company, for dumping customers' loan applications in dumpsters instead of properly disposing of them. There does not appear to be a fine involved. See:

Feds Ding Data 'Dumpster'

The Kansas City-based NHC settled with the FTC Wednesday, agreeing to not misrepresent the extent of its data protection safeguards. The company also agreed to establish and maintain a comprehensive information security program subject to third-party audits for the next 20 years.

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