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Bayview settles with 53 state regulators for $20m over cyberattack

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Photo: Sean Gallup/Getty Images

Julie DiMauro

1 min read
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The $20m penalty and corrective plan ordered here underscore the importance of protecting consumer data and promptly complying with agency demands.

California and 52 state financial regulatory agencies have announced a coordinated action against mortgage company Bayview Asset Management LLC, and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively, the Bayview Companies).

The action was over deficient cybersecurity practices and lack of full cooperation with state

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