Broker Settles Data-Dumping Charges

January 2010
American Banker;1/22/2010, Vol. 175 Issue F303, p10
Trade Publication
The article discusses a court settlement in which mortgage broker Gregory Navone of Las Vegas, Nevada paid 35,000 dollars to settle charges that he violated the U.S. Fair Credit Reporting Act when he allegedly dumped 40 boxes of consumers' financial records into a public trash bin. According to the article, the settlement bars Navone from misrepresenting measures to protect sensitive consumer information. Other requirements of the settlement are discussed.


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