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Posted Date: Wednesday, April 2, 2025
While Federal Housing Finance Agency Director Bill Pulte works to advance his agency’s Title Acceptance Pilot, two members of Congress asked him to reconsider the title waiver program, citing concerns over unnecessary risks to the housing market.
Industry News
Posted Date: Wednesday, April 2, 2025
A federal judge issued a preliminary injunction against the Consumer Financial Protection Bureau and Trump administration officials, ruling that recent staff cuts and other actions were part of an unlawful attempt to eliminate the CFPB, as argued by the union representing agency employees.
Regulatory Updates
Posted Date: Wednesday, April 2, 2025
After making it through the Virginia state legislature, a bill requiring companies that use artificial intelligence to influence impactful decisions in lending, housing and insurance to build safeguards around those systems was vetoed by the governor.
Legislative Developments
Posted Date: Wednesday, April 2, 2025
A state senate bill to modernize North Dakota’s insurance oversight laws has been enacted, requiring insurance producers in the state to maintain email accounts specifically for regulatory purposes, among other provisions.
Regulatory Updates
Posted Date: Wednesday, April 2, 2025
A house bill signed into law by Tennessee Gov. Bill Lee amends the state code to allow licensed attorneys, licensed title agents and others to submit electronic records for deed registration.
Legislative Developments
Posted Date: Wednesday, April 2, 2025
David Izsak, a former real estate professional from the Chicago area, received five years in prison for his role in a scheme to defraud more than $3 million from multiple financial institutions.
The Blotter
Posted Date: Monday, March 31, 2025
A title agency in California is paying a penalty of $150,000 to settle allegations of illegal inducements by The California Department of Insurance. Two employees were investigated for unlawfully inducing realtors to refer consumers to the title agency.
Industry News
Posted Date: Monday, March 31, 2025
Minnesota Attorney General Keith Ellison has reached a settlement with MV Realty, which he sued in September 2024 over misleading agreements that deceived homeowners. The settlement bans MV from doing business in Minnesota, among other penalties.
Court Report
Posted Date: Monday, March 31, 2025
The U.S. Treasury’s Financial Crimes Enforcement Network has clarified the goals, scope and compliance guidance for its recent geographic targeting order, which was intended to combat money laundering along the Southwestern border.
Regulatory Updates
Posted Date: Monday, March 31, 2025
Following a shake-up to Freddie Mac’s board of directors, the government-sponsored entity’s CEO and human resources director have both been reportedly fired by Federal Housing Finance Agency Director Bill Pulte.
Regulatory Updates
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