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  Fed chair responds to Congressional wire fraud inquiryWednesday, July 17, 2019 Federal Reserve Board Chairman Jerome Powell noted that the Fed has been actively engaged in efforts to respond to the increased threat of large-value payment fraud in response to a letter led by Rep. Denny Heck (D-Wash.). Read on for what he had to say about a suggested payee match for wire transfers. |
 First American announces completion of investigation Wednesday, July 17, 2019 First American Financial Corp. announced that the investigation in to the extent to which customer information may have been compromised in connection with a reported information security incident is complete. Read on for more details. |
Disbarred attorney sentenced for wire fraud Wednesday, July 17, 2019 A disbarred New York attorney was sentenced to time in prison for engaging in a wire fraud scheme and stealing $2 million from victims who believed they were giving her money to invest in real estate. Read on for more details.
 Rhode Island man charged for targeting real estate attorneyMonday, July 15, 2019 A Rhode Island man was charged in federal court in Boston in connection with a conspiracy to launder funds derived from business email compromise fraud schemes, including one that targeted a Dorchester real estate attorney. Read on for more details.
 Third party alleges fraud in real estate closingMonday, July 15, 2019 In a case involving alleged real estate fraud 15 years ago, a third-party defendant sought summary judgment on allegations against one of the New York real estate attorneys which represented her at closing.
The allegations allege that the real estate attorney, along with another attorney and a title underwriter, misled the buyer into believing she could purchase property from sellers who did not have good title.
Read on for more details.
Illinois passes good funds amendment Monday, July 15, 2019 A bill that would amend the Illinois Title Insurance Act to provide that the definition of good funds includes a check drawn on the fiduciary trust account of an independent escrowee awaits the governor’s signature. Read on for more details.
 Nevada Supreme Court addressees HOA lien foreclosure dispute Wednesday, July 10, 2019 When a homeowner fell behind in their homeowners’ association dues, the HOA foreclosed its lien and sold it to a third party. Despite believing it had provided the required notice to the holder of the first priority lien, it had not. A district court still held that the lien foreclosure sale extinguished the first deed of trust, holding that the first deed of trust holder was not entitled to notice at the address specified in the deed of trust. The case eventually went before the Supreme Court of Nevada. Read on for more details.
 Industry associations launch coalition to fight wire fraud Wednesday, July 10, 2019 On June 28, the American Land Title Association, joined by the American Escrow Association, Real Estate Services Providers Council, and the Community Mortgage Lenders of American, launched the new Coalition to Stop Real Estate Wire Fraud. Read on for more details.
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