MBA Paper Urges Protection of Personal Info

The Mortgage Bankers Association has released a white paper encouraging mortgage industry institutions to protect personal information and recommending steps to ensure its protection.The white paper, "Protecting Personal Information: The Good, the Bad, the Ugly," discusses the benefits of identifying, assessing, and protecting personal information and the implications of failing to do so. "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," said Kieran Quinn, the MBA's vice chair and chairman of Column Financial Inc. In addition, the MBA said the Information Security Workgroup of the Mortgage Industry Standards Maintenance Organization, a nonprofit subsidiary of the association, will issue a follow-up white paper that is more technical in nature. The MBA can be found online at http://www.mortgagebankers.org.