FinCEN anti-money laundering rule struck down in court

A federal judge in Texas has vacated the Financial Crimes Enforcement Network’s (FinCEN) nationwide anti-money laundering rule requiring title insurance companies to report details of millions of residential real estate transactions. U.S. District Judge Jeremy Kernodle of the Eastern District of Texas decided Thursday that FinCEN exceeded its statutory authority with the rule, which took […]

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Austin housing reforms could influence Michigan legislation

Michigan housing advocates are pointing to Austin, Texas, as they try to build support for Gov. Gretchen Whitmer’s “grand bargain” housing affordability agenda in the state Legislature. Advocates say a multi-year set of zoning, permitting and code reforms in Austin helped drive a surge in homebuilding – and that the resulting increase in supply coincided

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