Tag Archives: compliance

CFPB to Examine Service Providers—Are You Affected? June 13 Webinar Has Answers!

A recent blog by law firm Ballard Spahr reports the Consumer Financial Protection Bureau (CFPB) has begun to examine service providers on a regular, systematic basis, particularly those supporting the mortgage industry.  The blog recounts information provided by the CFPB during an American Bar Association (ABA) Business Law Section meeting held May 7, 2017, stating: … Continue Reading

Should a Settlement Agency Be Considered a Daycare for Customer Data?

All too often, title and settlement agents give little more than a passing thought to the importance of protecting highly sensitive customer data.  But to the lenders we service, the care and protection of the customer data with which we’re entrusted is extremely important.  That’s because the law unequivocally requires customer data to be protected … Continue Reading

Whatcha Gonna Do, Whatcha Gonna Do, Whatcha Gonna Do When a Data Breach Happens to You?

handcuff computerIn my job, I have the privilege of speaking with title and settlement agents from across the nation.  At some point during our conversations, those agents who have just been certified as compliant with ALTA’s Best Practices will usually voice something similar to the following: “I recently upgraded my server, and each of my office … Continue Reading

Self-Certification: Buyers and Sellers Beware

So far, our blog series  has covered “Current Lender Requirements for ALTA Best Practices Adherence,” “An Initial Look at Available Best Practices Adoption Data,” “ALTA Best Practices—Who is Requiring What,” and “Motivating Forces Behind Lender Best Practices Requirements.” In this blog, we’ll look at the pros and cons associated with submitting a “self-certification” of compliance. … Continue Reading
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