MBA Releases Protecting Personal Information White Paper
|October 27, 2005|
Protecting Personal Information: The Good, The Bad, The Ugly |
A white paper commissioned by the MBA Board of Directors Technology Steering Committee [pdf]
Orlando, FL – With the mortgage industry being one of the biggest collectors and processors of personal information (PI), the Mortgage Bankers Association (MBA) Board of Directors has released a white paper - Protecting Personal Information: The Good, the Bad, the Ugly. This high-level document addresses, in detail, the importance for mortgage industry institutions to protect PI, the implications for doing so and not doing so, and suggests actions an organization can potentially take to ensure the protection of PI.
“I’m thrilled that this document has become a reality. It was created to help raise the awareness that protecting personal information should absolutely be a high priority for our industry,” said John Robbins, MBA chairman-elect, outgoing chair of MBA Technology Board of Directors (BODTECH), and chairman and chief executive officer of American Mortgage Network.
“In this day and age, the issue of privacy has become more of a concern,” said Kieran Quinn, MBA vice chair, incoming chair of the BODTECH, and chairman of Column Financial Inc./managing director of Credit Suisse Company. “This white paper will help firms that collect consumer-based personal information to be proactive in safeguarding it and establishing good, trusting relationships with customers.”
The White Paper includes the following sections: