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Stemming the flood of information

How safe is the data we give out to third parties, and who has access to it, asks Russell Conway

16 December 2014

I received a couple of interesting emails today. One was from the bank manager, warning me not to speak to anyone purporting to be my bank manager or a member of my bank's fraud department.

The second was from a rather new organisation called Lender Exchange, which is some sort of alliance of certain building societies and banks designed to reduce the duplication of the information we have to give panels, and, it might appear, sort the wheat from the chaff in terms of firms they want on their panels.

I suppose my beef with all of this is that I appear to be constantly churning out information (some of it of a very sensitive nature) to third parties.

The Conveyancing Quality Scheme (CQS) wants shed loads of information. Most years, one or another of the building societies requests that we fill in a sheaf of forms. Every year we have to give out mounds of information in order to renew our professional indemnity insurance (PII), and now even the previous...

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