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Cuomo’s budget proposes NYSDFS expansion
Posted Date: Monday, February 24, 2020
In his FY2021 Executive Budget, New York Gov. Andrew Cuomo proposes an expansion of the state’s consumer protection laws, seeking to protect consumers from unfair and abusive practices. Read on for more details.
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California DOI files title complaint alleging kickbacks
Posted Date: Monday, February 24, 2020
The California Department of Insurance filed a complaint against a title marketing representative and the underwritten title company he worked for, alleging that his involvement with a real estate marketing advisory group and a marketing company was an inducement for the placement or referral of title business in violation of the state’s Insurance Code. Read on for more details.
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IC3 releases annual internet crime report
Posted Date: Wednesday, February 19, 2020
The FBI’s Internet Crime Complaint Center (IC3) issued its 2019 Internet Crime Report, highlighting IC3’s efforts to monitor trending scams, such as business email compromise and ransomware. Read on for more details.
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Lender moves for equitable subrogation in fraud dispute
Posted Date: Monday, January 6, 2020
In a dispute over an allegedly forged deed during the refinance of a mortgage, the lender successor-in-interest moved for equitable subrogation on the mortgage. The New York court granted partial summary judgment for the lender. Read on for more details.
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Gillibrand proposes Data Protection Agency
Posted Date: Friday, February 14, 2020
U.S. Senator Kirsten Gillibrand announced legislation which would create the Data Protection Agency , an independent federal agency that would protect Americans’ data, safeguard their privacy, and ensure data practices are fair and transparent.
Read on for more details.
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Hawaii resolution would disclose potential lack of title insurance
Posted Date: Monday, February 24, 2020
The Hawaii House of Representatives have introduced a resolution requesting the disclosure of the potential lack of title insurance to purchases of foreclosed-upon property and the creation of a task force on title insurance. Read on for more details.
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Property owner sues for unlawful foreclosure
Posted Date: Wednesday, February 19, 2020
The owner of property in Baltimore filed suit against more than a dozen parties alleging they unlawfully foreclosed on her home in violation of several federal and state laws. Read on for more details and the court’s decision on one party’s motion to dismiss.
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Cordray book details his near-firing
Posted Date: Monday, March 2, 2020
In the new book released today by Richard Cordray on his time as director of the Consumer Financial Protection Bureau, Cordray’s writing sounds much like his speeches and presentations during his time in office – thought out, straight forward and detailed.
So it comes as no surprise that nearly 200 pages into “Watchdog: How protecting consumers can save our families, our economy, and our democracy” the biggest revelation is mentioned with little buildup.
Read on for details from Cordray’s book, including the never-before-told story of how close he came to being fired.
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Title company wins trademark case, sues for fees
Posted Date: Wednesday, February 26, 2020
A Florida title company which won a trademark infringement lawsuit moved to seek fees and nontaxable costs from the company which filed suit against it. Read on for details from the case.
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Study shows struggles with cybersecurity hiring, retention
Posted Date: Wednesday, February 26, 2020
Cybersecurity teams continue to struggle with hiring and retention, and very little improvement has been achieved in these areas since last year, according to new global research from ISACA that identifies current workforce challenges and trends in the cybersecurity field. Read on for more details.
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Utah considers affiliated business amendments
Posted Date: Wednesday, February 26, 2020
The Utah State Legislature is considering a bill that would amend provisions related to affiliated business in title insurance. Read on for more details.
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Minnesota considers new recording statute
Posted Date: Wednesday, February 26, 2020
The Minnesota Legislature is considering a bill that would modify and update recording and title provisions. Read on for more details.
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New Mexico issues bulletin on prizes, gifts
Posted Date: Monday, February 24, 2020
New Mexico Superintendent of Insurance Russell Toal recently issued a bulletin clarifying that common and ordinary marketing practices are not regarded as consideration or inducement when there is no quid pro quo arrangement, and that donations to non-profit, charitable or educational organizations that are not insured by the company, agency or individual making the donation are not prohibited. Read on for more details.
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Minnesota considers affidavit of interruption
Posted Date: Monday, February 24, 2020
The Minnesota Legislature is considering a bill that would authorize the use of an affidavit of interruption to interrupt adverse possession of real estate. Read on for more details.
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New York attorney indicted for escrow theft
Posted Date: Monday, February 24, 2020
A Sunset Park, N.Y., attorney was arraigned on an indictment charging him with several counts of grand larceny for allegedly stealing approximately $280,000 in downpayments he received to hold in escrow from two clients he represented in the same of their homes. Read on for more details.
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Fifth Third updates consumers on investigation
Posted Date: Wednesday, February 19, 2020
Fifth Third Bancorp provided an update on its investigation into a small number of former employees in Cincinnati who accessed and misused some customers' personal information, clarifying that the event was not a cybersecurity data breach.
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West Virginia Legislature adopts URPERA
Posted Date: Wednesday, February 19, 2020
The West Virginia Legislature has adopted the Uniform Real Property Electronic Recording Act (URPERA). The bill awaits the governor’s signature. Read on for more details.
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Las Vegas man sentenced for fraud
Posted Date: Wednesday, February 19, 2020
U.S. Attorney Andrew Birge announced a Las Vegas man was sentenced by U.S. District Judge Janet T. Neff to serve 24 months in federal prison for his role in a conspiracy to defraud a California mortgage lender in connection with a Battle Creek, Mich., business.
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Developer sentenced for fraud
Posted Date: Wednesday, February 19, 2020
A real estate developer was sentenced to prison for his role in a bank fraud scheme. Read on for more details.
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Buyer appeals class action denial in fee dispute
Posted Date: Friday, February 14, 2020
A buyer appealed the denial of class action status in a suit alleging an escrow company wrongly charged consumers a “loan tie-in fee” because it had not filed that rate with the California Department of Insurance. Read on to find out how the Court of Appeal, Second District, Division 5 of California ruled on appeal.
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Kentucky establishes Kentucky Land Title Day
Posted Date: Friday, February 14, 2020
By voice vote, the Kentucky Senate adopted a resolution establishing Feb. 12, 2020 as Kentucky Land Title Day. Read on for more details.
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Arizona’s director of insurance departs
Posted Date: Friday, February 14, 2020
Arizona Gov. Doug Ducey announced that the director of the state’s Department of Insurance and Financial Institutions left his post for an opportunity in the private sector. He also named an interim director. Read on for more details.
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