Tag Archives: U.S. Department of the Treasury

Judge blocks new real estate anti-money laundering rule

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A Texas district judge has ruled in favor of a title company owner who said the new rule violated her Fourth Amendment rights. Continue reading →

New anti-money laundering rule for cash purchases is now in effect

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Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading →

Treasury finalizes new rules for luxury cash sales reporting

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Treasury Secretary Janet Yellen said the new reporting rules will “close critical loopholes in the U.S. financial system” that had allowed criminals to launder money through all-cash residential real estate transactions. Continue reading →

The eviction ban returned, but many renters are still at risk

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Renters continue to be impacted in very unequal ways by the economic fallout of the pandemic, and one big reason for that is where they live and how their local municipalities are handling the crisis. Continue reading →