An appeal regarding a mutual indemnification case between two title companies was brought before the New York Supreme Court’s appellate division after the defendant’s motion to dismiss was granted by a lower court.
The Consumer Financial Protection Bureau announced its updated approach for determining potential criminal penalties for violations of the law in response to a new executive order from the president.
An open letter from a coalition of 21 state attorneys general expressed frustration and dismay over the Department of Housing and Urban Development’s proposed rule to roll back fair housing protections.
The Treasury’s Financial Crimes Enforcement Network announced that it would allow banks to collect tax identification number information from a third party instead of directly from customers under some circumstances.
In a revised bulletin issued on June 27, the Oklahoma Insurance Department announced updated compliance requirements for the state’s Insurance Data Security Act created by Senate Bill 543.
Described by prosecutors and law enforcement agents as the ringleader of an extensive fraud scheme involving stealing identities and impersonating customers at banks and credit unions across the country, a Nigerian transplant formerly based in New Jersey was convicted on multiple counts and faces up to 32 years in prison.
A bill dubbed the “MV Realty Bill,” intended to prevent the recording of “non-improvement contracts” in real property records and improve processes for responding to predatory business practices, passed both chambers of the Wisconsin legislature.
Government-sponsored entities Fannie Mae and Freddie Mac relaunched their joint venture Common Securitization Solutions as U.S. Financial Technology, LLC, a cloud-based mortgage securitization platform.
The union representing National Science Foundation staff said they had little notice of Department of Housing and Urban Development Secretary Scott Turner’s plans to relocate his agency to NSF headquarters.
A newly-enacted law in Texas implements updated licensing requirements for real estate professionals operating in the state, including valid courses of study, information required to be provided to the insurance commissioner and more.