Are you a mini Equifax?

[Steve Hodgdon]

The Equifax hack is a major deal. EVERYBODY should lock their credit report. Period.

Our personal information is now in the hands of who knows who!?!

Are you protecting consumer data that you see when shopping for notes to buy? I see tapes all the time with borrower name, address, etc. Unencrypted, downloadable, no NDA's or protections at all.

Is your laptop 100% free from malware, Trojans, or simply theft? Probably not.

So, here we are. An "industry" without a standard of care for consumers personal data. I wonder what the CFPB, State Attorneys General or consumer lawyers would do about that?

I know what happens in the unsecured debt space. Its ugly when you get caught not protecting consumer information. Fines are PER ACCOUNT, not violation.

What do you think? Do we need a standard of consumer protection?