FTC Investigating Equifax Security Breach – NMP
Tech

FTC Investigating Equifax Security Breach

Sep 14, 2017
More than 24 million financial and banking documents related to mortgages and other consumer loans were leaked online due to a server security lapse

The Federal Trade Commission (FTC) has launched a probe into the data breach of Equifax that resulted in the compromising of confidential data belonging to 143 million consumers.
 
In a break from agency protocol that involves no public acknowledgment of ongoing investigations, the FTC issued a statement calling attention to its actions.
 
“The FTC typically does not comment on ongoing investigations,” said Peter Kaplan, the agency’s Acting Director of Public Affairs. “However, in light of the intense public interest and the potential impact of this matter, I can confirm that FTC staff is investigating the Equifax data breach.”
 
The FTC is not the only federal agency on the case: The Consumer Financial Protection Bureau is also looking into the breach, while members of four different committees within the House of Representatives have called for hearings on the issue.
 
About the author
Phil Hall
Link copied
Published
Sep 14, 2017
Get the NMP Daily
Courts
Veterans United Fails To Knock Out Core RESPA Theory

The latest court order represents a significant 'mixed bag' for both sides

In an ongoing proposed class action against Veterans United Home Loans and Veterans United Realty, a federal judge has allowed the plaintiffs’ core RESPA theory to move forward, rejecting the lender’s argument that its affiliated real estate referral arrangement is categoric...

Continue reading
Career
Emerging LO Issue 1 2026

The Accidental Broker: Taylor Behm on the career path he never saw coming

Find Your People. Build Your Systems.Taylor Behm closed 13 loans in his first month as a licensed originator. A year earlier, he was pointed toward sports, not mortgages, until the math on that path stopped adding up and a friend showed him what this one could look like. Wha...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Tech
Dark Matter Moves Document Checks To The Point Of Sale

New Aiva Intelligence capability gives borrowers immediate feedback on uploaded documents, aiming to resolve problems before they become downstream conditions

Tech
Aug 24, 2026
New American Funding Extends AI Push To Borrower Calls

The lender is adding customer-facing agents across originations and its $73 billion servicing portfolio, but has not disclosed which transactions will be automated or when deployment begins

Tech
Aug 20, 2026
The Hidden Risk Inside Mortgage Tech Consolidation And How Lenders Can Stay In Control

platforms consolidate and vendors gain leverage, the lenders who stay disciplined about data, adoption, and exit terms will be the ones who keep control of their own tech stack

Tech
Aug 19, 2026
The Race To Reinvent Mortgage Origination

Automation promises to strip away administrative work while raising expectations for production, conversion, and human advice

Tech
Aug 19, 2026
Clear Capital Clears GSE Test For New Property Data Standard

The verification gives lenders another option for inspection-based appraisal alternatives, but it covers only one piece of a much broader collateral-readiness challenge

Tech
Aug 19, 2026
Checkr Buys Truv To Move Mortgage Verification Beyond Documents

The acquisition adds consumer-permissioned payroll and banking data to Checkr’s mortgage platform while lenders confront increasingly convincing fabricated financial records

Tech
Aug 19, 2026