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Banking & Financial Services E-Note - December 2012

In This Issue: - Accounting Rule Would Force Banks to Take Loan Write-Downs - End of TAG Program Has Community Banks Concerned - New Mortgage Rules Protect Banks from Homeowner Lawsuits - Obama Signs Bills...more

Massachusetts AGO Stresses the Importance of Encryption

The Massachusetts Attorney General’s Office ("AGO") has entered into an Assurance of Discontinuance (the "Settlement") with a Massachusetts company after allegations that the company failed to adequately protect personal...more

Massachusetts Attorney General Data Breach Investigation Results in $15,000 Settlement with Property Management Firm

Last October, a Maloney Properties, Inc. (“MPI”) company laptop was stolen containing unencrypted personal information, including social security numbers, for over 600 Massachusetts residents. Shortly after the incident, MPI...more

New York Law Permits Electronic Recording of Real Property Conveyances

On Friday, September 23, 2011, New York Governor Andrew Cuomo signed into law Senate Bill 2373A and Assembly Bill 6870A. The bill authorizes the electronic recording (“e-recording”) of instruments affecting real property in...more