LAWSUITS NEWS & LEGAL INFORMATION
Information Disposal
Washington, DC: (Dec-19-07) The Federal Trade Commission (FTC) brought charges against American United Mortgage Company, based in Northbrook, IL, alleging that the mortgage broker left loan documents, with personal information such as Social Security numbers, in and around an unsecured dumpster. The suit claimed that the company violated the FTC's rules on the disposal and safeguarding of consumer credit and other information. Sources stated that in addition to Social Security numbers, the company collects bank and credit card account numbers, as well as income and credit histories. The FTC's complaint also stated that the company failed to provide its customers with a privacy notice describing its information management practices from July 2001 until March 2006.
As part of a settlement reached, the company agreed to pay a $50,000 fine to resolve charges. Additionally, the settlement calls for the company to properly dispose of personal information and obtain an audit of its information security program every two years for the next ten years. [FORBES: DUMPING DATA]
Published on Dec-27-07
As part of a settlement reached, the company agreed to pay a $50,000 fine to resolve charges. Additionally, the settlement calls for the company to properly dispose of personal information and obtain an audit of its information security program every two years for the next ten years. [
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