Tennessee Governor-elect Bill Lee announced four appointments to his cabinet, including keeping the heads of the departments of Commerce and Insurance and Financial Institutions. Read on for more details.

After pleading guilty to 10 counts of wire fraud and two counts of bank fraud, the former owner of a Pennsylvania mortgage company was ordered to forfeit $1,969,312.02, and is jointly and severally liable to pay $9,567,074.56 in restitution. Read on for more details.

The former chief operating officer of a Long Island mortgage lender was sentenced to time in prison after pleading guilty to conspiring to commit wire and bank fraud in connection with the diversion of more than $8.9 million of warehouse loans that the company had fraudulently obtained purportedly to fund home mortgages and mortgage refinancing.

In a matter of first impression, the U.S. Bankruptcy Court for the Eastern District of Pennsylvania determined whether to grant a creditor’s request for enlargement of time to file proof of claim on the ground that it did not receive notice of the debtor’s Chapter 13 case until after the deadline to file claims had passed. Read on for more details.

During the 2019 legislative session, the Missouri General Assembly will be considering a bill that would require a certificate of value to be delivered to an assessor before a recorder records any deed or instrument conveying property to any person. Read on for more details.

As a result of a working group established by the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence and the federal depository institutions regulators, the Financial Crimes Enforcement Network (FinCEN) and its regulatory partners issued a joint statement to encourage banks and credit unions to take innovative approaches to combating money laundering, terrorist financing and other illicit financial threats. Read on for more details.

The Department of Justice announced the settlement of a civil fraud suit against a New York foreclosure law firm and its wholly owned affiliates. It claimed that the firm used its affiliates to systematically generate false and inflated bills for foreclosure-related and eviction-related expenses, and caused those expenses to be submitted to and paid for by Fannie Mae. Read on for more details.

A federal jury has found a Georgia real estate broker guilty of conspiracy to commit bank fraud and bank fraud for trying to sell condominium units to buyers at a Florida condominium. Read on for more details.

The Senate voted 50-49 to confirm Kathy Kraninger, President Donald Trump’s choice to succeed Richard Cordray as the second permanent head of the Consumer Financial Protection Bureau. She will take the reins from acting director Mick Mulvaney after being sworn in Monday evening. Read on for more details.