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August

28
2023
Industry News

Data Media Associates Announces MOVEit-Related Data Breach

On August 23, 2023, Data Media Associates, LLC (“DMA”) filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party was able to access confidential consumer information stored on a third-party software platform called MOVEit.

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August

25
2023
Trends

Household debt is at an all-time high, but 2008 was still worse, report finds

In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever, which helped bring total household debt to $17.06 trillion, also a fresh record, according to the New York Federal Reserve.

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August

25
2023
Industry News

Attorney General Josh Stein Statement on Unfair Real Estate Agreements Act

(RALEIGH) Attorney General Josh Stein today joined Gov. Roy Cooper as the Governor signed the Unfair Real Estate Agreements Act into law. The attorney general’s office worked closely with legislators and stakeholders to draft the bill. The Unfair Real Estate Agreements Act will prohibit companies from using oppressive and excessively long-term agreements that undermine a person’s ownership of their home.

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August

25
2023
Trends

Current mortgage rates are the highest they've been since 2001. Is there an end in sight?

Homebuyers’ purchasing power diminished further in August as mortgage rates continued their upward march, averaging 7.2% over the week ending on Thursday, the highest level since 2001, according to newly released data by Freddie Mac.

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August

25
2023
Industry News

Nevada Financial Institutions Division Seeks Feedback on Licensing Regulations

The Nevada Financial Institutions Division (NFID) is planning to implement proposed regulations (PDF) under the state’s revised licensing law, which takes effect Oct. 1, 2023. Licensees are invited to provide feedback on the potential impacts of the regulations by Sept. 2.

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