We Warn Congress: After Equifax, Firms Will Step Up Trojan Horse Efforts to Eliminate State Privacy Laws

Like clockwork, after any big data breach is disclosed, powerful special interests seek to turn the problem into a bigger problem for consumers by using it as an opportunity to enact some sort of narrow federal legislation that broadly eliminates state data breach notification, state data security and other privacy protections.  I testified yesterday in the House Financial Services Committee (link to full hearing archive and video transcript) warning of their efforts. I warned in particular of their Trojan Horse efforts to hide their broader plans. They don’t simply want to create a “uniform national breach law.” Inside that Trojan […] Read more

Hamilton realtors warn buyers changing mortgage rules will limit what they can afford – Hamilton

Hamilton realtors are warning their clients about mortgage rules that will make it more difficult to qualify for a mortgage beginning in January.

They’re warning buyers that if they wait until the new year to jump into the market they may not be able to get the house they’re after — and might have to lower their price range by 15 per cent or more and consider different neighbourhoods. 

“I’m contacting all of my current buyers to make sure they understand,” said Joe McMahon, a Burlington-based realtor. “Most of the public don’t realize how much this is going to affect them.”

But the impact of the new […] Read more