News By Edition

A former systems administrator filed a lawsuit against Fidelity National Financial Inc. to recover unpaid overtime wages for alleged violations of the Fair Labor Standards Act.

The owners of property in Washington, D.C., appealed a trial court order granting summary judgment on the current holder of a note and mortgage’s claim for judicial foreclosure, challenging the note holder’s right to judicial foreclosure.

The Financial Crimes Enforcement Network renewed its real estate geographic targeting orders until April 14, 2025. These orders require title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate.

California Gov. Gavin Newsom signed legislation authorizing the secretary of state to cancel a business entity when a court notifies it that a person’s personal information had been illegally used in a business entity filing.

House Financial Services Committee Chairman Patrick McHenry sent a request for the Government Accountability Office to audit the Financial Crimes Enforcement Network’s Beneficial Ownership Secure System.

A total of seven people in multiple states have been charged in a superseding indictment related to a large business email compromise scheme.

For Cybersecurity Awareness Month, the Michigan Department of Insurance and Financial Services encouraged consumers and businesses to protect their personal and financial information from scammers and cyberattacks.

After the holder of a right of first refusal failed to exercise or release his right, the property owners sought to quiet title. When a trial court quieted title in favor of the property owners, the holder of the right of first refusal appealed.

In a long-standing boundary line dispute, one party sought to appeal the decision of an Alabama trial court, arguing the testimony of the surveyor and the surveys provided were contradictory.

The Financial Crimes Enforcement Network assessed a record $1.3 billion penalty against TD Bank N.A. and TD Bank USA N.A. for violations of the Bank Secrecy Act, the primary U.S. anti-money laundering law that safeguards the financial system from illicit use.

Michigan Department of Attorney General Corporate Oversight Division Chief Jason Evans and Assistant Attorney General Kathy Fitzgerald testified before the Senate Committee on Finance, Insurance, and Consumer Protection in support of a legislative package to enhance consumer protections from data breaches.

California Insurance Commissioner Ricardo Lara led the 2024 Insurance Diversity Summit. The summit brought together executives, policymakers, diverse business and non-profit leaders to discuss the impact of diversity initiatives.

After paying out a claim due to a fraudulent payoff, a title insurer filed suit against the sellers of the subject property, among others. The title insurer then moved for default judgment.

A lender sued the LLC that borrowed money from them, as well as the managing member of the LLC that signed the promissory note under which she personally guaranteed the loan, after both the LLC and the managing member failed to pay back the loan.

The U.S. Secret Service Cybercrime Investigations issued an advisory on title company impersonation scams, an update to its Real Estate Scam-Vacant Properties advisory it issued in 2022.

The day the U.S. District Court for the Eastern District of Texas held its first hearing in Texas Top Cop Shop Inc., et al. v. Garland, et al., the National Federation of Independent Business urged the court to block the Corporate Transparency Act’s beneficial ownership reporting requirements for small businesses.

A federal jury in Chicago convicted a loan originator of orchestrating a mortgage fraud scheme that bilked multiple financial institutions out of $2.6 million.

Massachusetts Gov. Maura Healey appointed a new commissioner for the state’s division of insurance.

After it was sued for conducting a fraudulent transaction, a title company filed a third-party complaint against a listing owner, arguing the listing owner should have confirmed the identity of the purported seller prior to the transfer.

A foreclosed upon property owner appealed a decision in favor of defendant entities that foreclosed upon her, after a trial court granted summary judgment in their favor. The owner had brought various theories as to why the foreclosure was wrongful.

The Colorado Real Estate Commission approved a new position statement on data security and privacy.

Acting Commissioner Marie Grant joined the Maryland Insurance Administration on Oct. 1.

A Woodbridge, Va., man was sentenced to time in prison for participating in a conspiracy that fraudulently promised thousands of homeowners across the United States legal help in avoiding foreclosure. The scheme generated at least $15 million for the conspirators but never provided any legal services to the client-victims.

Indiana Insurance Commissioner Amy Beard announced she will be stepping down. Gov. Eric Holcomb announced her replacement, who will start Oct. 16.