Data and information management

Home lending professionals shared their thoughts on vendors, artificial intelligence and the most valuable solutions technology could give them in a new Arizent survey.

Cybersecurity incidents at vendors often expose their business partners to significant risk. What are the threats lenders face, and how can they strengthen their defenses?

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

Following a breach at National Public Data, the National Consumer Law Center recommended consumers consider a credit freeze, but that could also hinder a mortgage applicant's home purchase depending on where they are in the process, an expert says.

Loandepot and Mr. Cooper said they've spent tens of millions of dollars this year following recent, major hacks.

Mr. Cooper's PII leak late last year had a significant impact on its customers. Money has been stolen, unauthorized attempts to open credit cards occurred and extensive spam campaigns have followed, a filing claims.

The lender says it's reached an "agreement in principle" to end a consumer class action complaint over its wide-ranging January hack.

The Consumer Financial Protection Bureau has received more than 11,000 comment letters on its proposal on personal financial data rights, but banks say the agency should ensure that more fintech partners take on their fair share of the rule's compliance burden.

The federal Project Fortress initiative provides defensive tools for banks. Community banking groups and regulators' associations say small banks in particular need the free and accessible help.

The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.