The Ohio Board of Professional Conduct issued Opinion 2022-07 regarding whether a lawyer can accept and hold cryptocurrency in escrow.

The U.S. District Court for the District of Nevada has many cases in front of it seeking to determine whether a title insurance claim involving a homeowners’ association assessment lien, and subsequent foreclosure sale, was covered by a lender’s title insurance policy.

The National Association of Insurance Commissioners Financial Regulation Standards and Accreditation (F) Committee voted to accredit the Alaska, Iowa, Minnesota, and Ohio departments of insurance at the NAIC Summer National Meeting.

A bank acquired title at a sheriff’s sale after the mortgage foreclosure to property subject to a homeowners’ association (HOA) declaration of covenants. When the bank later sold the property, the HOA billed the bank for assessments for the period the bank held title to the property. The bank refused to pay and filed suit to divest the land from the HOA covenants and vacate the fees.

The Consumer Financial Protection Bureau (CFPB) confirmed in a circular that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The circular provides guidance to consumer protection enforcers, including examples of when firms can be held liable for lax data security protocols.

In one of several cases before the U.S. District Court for the District of Nevada, a title insurer sought an extension of stay in a case seeking to determine whether a title insurance claim involving a homeowners’ association assessment lien, and subsequent foreclosure sale, was covered by the corresponding title insurance policy.

The American Land Title Association announced revisions to the ALTA Best Practices are out for comment. The public can submit comments until Sept. 1.

Acting Comptroller of the Currency Michael Hsu discussed cybersecurity risks and resilience during a joint meeting of the Financial and Banking Information Infrastructure Committee and the Financial Services Sector Coordinating Council.

The Utah Department of Insurance is proposing an amendment to R590-160-8, Agency Review, to remove a reference to a state law allowing an agency to reconsider an agency review. The department is receiving comments until Oct. 3, 2022.