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Sign into your accountHow do laws protecting consumer privacy affect your business?
October 02 2013
This post comes to us from the PCMS Consulting blog:
Consumer privacy – a quick overview
Many changes are coming down the road in 2014 regarding the Consumer Finance Protection Bureau (CFPB) that both you and your mortgage and/or title partners should be aware of.
Do you know what CFPB is? If you don't, you can visit their website to educate yourself about these new consumer protections.
In short, the CFPB is an agency, created by Congress, designed to protect consumers after the financial meltdown of a few years ago. It is deeply affecting the mortgage and title worlds and may end up impacting brokerages, as well. Whether or not you have a mortgage and/or title relationship, you should consider positioning yourself as the brokerage who protects consumer information.