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January

13
2023
Trends

U.S. Foreclosure Activity Doubles Annually But Still Below Pre-Pandemic Levels

IRVINE, Calif. – Jan. 12, 2023ATTOM, a leading curator of real estate data nationwide for land and property data, today released its Year-End 2022 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 324,237 U.S. properties in 2022, up 115 percent from 2021 but down 34 percent from 2019, before the pandemic shook up the market. Foreclosure filings in 2022 were also down 89 percent from a peak of nearly 2.9 million in 2010.

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January

13
2023
Compliance

Keeping Pace with Today’s Challenges: FCC Proposes New Data Breach Rules for CPNI

Prompted by a rapid increase in frequency, sophistication, and scale of data leaks and data breach legislation in recent years, the Federal Communications Commission (FCC) unanimously voted to kick off a proceeding aimed at adopting new proposals to update data breach response obligations involving Customer Proprietary Network Information (CPNI).

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January

12
2023
Industry News

Servicemember reports about identity theft are increasing

Identity theft can quickly reverse a good credit report, filling it with unknown, maxed-out credit card accounts or collections accounts for mystery debts. It can spell trouble for anyone, but for servicemembers, identity theft resulting in negative information on a credit report can lead to the loss of a security clearance or even discharge.

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January

12
2023
Industry News

Wells Fargo Pulls Back From Mortgage Market

Wells Fargo, once the nation's biggest mortgage bank, said it will step back from the market and cut thousands of workers, swelling a wave of industry layoffs as rising rates slow home purchases.

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January

12
2023
Industry News

OCC Issues Revisions to Fair Lending Booklet

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a revised version of the “Fair Lending” booklet of the Comptroller’s Handbook.

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