The Financial Crimes Enforcement Network renewed geographic targeting orders that temporarily require U.S. title insurance companies to identify natural persons who use shell companies and pay cash for high-end residential real estate.
News & Insights
The Consumer Financial Protection Bureau adopted final amendments to certain mortgage servicing rules issued in 2013. The final amendments were published in the Federal Register.
FINRA notified member firms that the SEC approved a FINRA proposal to amend FINRA Rule 6700 Series and the Trade Reporting and Compliance Engine ("TRACE") dissemination protocols. The amendments will become effective on March 20, 2017.
The SEC approved a FINRA proposal that amends the TRACE protocols to (i) require the dissemination of transactions in collateralized mortgage obligations ("CMOs"), and (ii) shorten the trade-reporting timeline for CMO transactions from end-of-day to within 60 minutes of execution.
The SEC solicited comment on a FINRA proposal to amend the FINRA Rule 6700 Series and the Trade Reporting and Compliance Engine dissemination protocols.