A mortgage broker who allegedly dumped 40 boxes of consumers' financial records into a public trash bin paid $35,000 to settle charges that he violated the Fair Credit Reporting Act.

The settlement, which the Federal Trade Commission announced Wednesday, bars Gregory Navone of Las Vegas from misrepresenting measures taken to protect sensitive consumer information and from failing to take reasonable measures to protect credit report information during the disposal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.