FinCEN Issues Final Rule Designed to Combat Money-Laundering in Residential Real Estate Transactions: Money It’s a Gas, Grab That Cash With Both Hands and Make a Stash....more
As part of an effort to combat money laundering in United States residential real estate transactions, the Financial Crimes Enforcement Network bureau of the United States Department of the Treasury (“FinCEN”) issued a final...more
Does a lender have the right to foreclose its mortgage if a payoff of such mortgage is made by wire transfer, but the payment does not make it to the lender’s account? A recent case, heard on appeal by the New York Supreme...more
10/27/2023
/ Borrowers ,
Consumer Financial Products ,
Financial Institutions ,
Financial Services Industry ,
Foreclosure ,
Money Transfer ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Ocwen ,
Uniform Commercial Code (UCC) ,
US Bank National Association ,
Wire Transfers
On January 25, 2023, the White House Domestic Policy Council and National Economic Council published a Blueprint for a Renter Bill of Rights (the “Renter Bill of Rights”) on behalf of the Biden‑Harris Administration (the...more
2/15/2023
/ Affordable Housing ,
Biden Administration ,
Eviction ,
Housing Market ,
Regulatory Agenda ,
Regulatory Reform ,
Relief Measures ,
Rental Property ,
Residential Leases ,
State and Local Government ,
Tenants