MBA Tech: New privacy laws pose looming threat to lenders

For mortgage companies struggling with compressed margins, complying with consumer protection laws is a constant high-wire act. In this precarious environment, privacy laws like GDPR and CCPA represent a looming threat that could knock small and regional lenders right off the tightrope.
Four experts tackled the subject of emerging privacy laws at the Mortgage Bankers Association Tech Conference and the consensus — from the stage and from the room — was that there are no easy answers.