Compliance Blog

Dec 21, 2007

Don't Do This

A mortgage company was fined $50,000 by the FTC for allegedly tossing credit report information into a dumpster.  This could serve as a good foundation for a training session on how to handle credit reports.  You can read the FTC press release and complaint here.  Federal credit unions can review their requirements for disposal of such information at 12 C.F.R. 717.83.