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Department of the Treasury

FinCEN defends anti-money laundering rule ahead of Dec. 1 deadline

Department of the Treasury, Fidelity National Financial, FinCEN, HWmember, Regulatory, Scott Bessent, Title /

The Financial Crimes Enforcement Network (FinCEN), its director Andrea Gacki, as well as the Department of the Treasury and its secretary, Scott Bessent, do not believe their anti-money laundering rule, which is slated to go into effect on Dec. 1, 2025, will cause Fidelity National Financial (FNF) irreparable harm. The defendants made these claims in […]

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Fidelity asks for summary judgment in suit against FinCEN, Bessent

Department of the Treasury, Fidelity National Financial, FinCEN, HWmember, Lawsuit, Legal, Real Estate, Regulatory, Scott Bessent, Title /

With the implementation date for Financial Crimes Enforcement Network’s (FinCEN) Anti-Money Laundering Regulations for Residential Real Estate Transfers fast approaching, Fidelity National Financial (FNF) and its subsidiaries are asking the court to take action in its lawsuit over the rule.  Filed in May 2025, the suit challenges FinCEN’s anti-money laundering rule, which requires title firms to

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Alanna.ai wants to help title agents with the new FinCEN rules

Artificial Intelligence, Department of the Treasury, FinCEN, HWmember, Real Estate, Scott Bessent, Technology, Title, Title insurance, U.S. Department of the Treasury /

The title agent-focused artificial Intelligence technology firm Alanna.ai has launched a digital signing capability to help title agents and companies comply with Financial Crimes Enforcement Network’s (FinCEN) new reporting requirements. In an announcement on Friday, the firm stated that it has made enhancements to its Smart Forms offering, which the company said will help users

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Bessent announces 10 new appointments at Treasury

Department of the Treasury, Housing Market, HWmember, People Movers, Politics, Scott Bessent, Trump administration, U.S. Treasury /

Secretary Scott Bessent announced 10 new appointments for senior positions at the U.S. Department of the Treasury, according to a Friday press release. John Crews, a former policy adviser under House Majority Leader Steve Scalise, will serve as deputy assistant secretary for financial institutions policy. Before his time in House leadership, Crews was the policy

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What implicit guarantee means for rates on GSEs’ release

Bill Pulte, Conservatorship, Department of the Treasury, GSE Reform, Housing Market, HWmember, Mortgage Rates, Politics, Regulatory, Scott Bessent /

Will mortgage rates go higher if the government takes the GSEs out of conservatorship? Many people would say yes if there were no government backing of these two giants, but on Tuesday evening the calculus changed. In a social media post on Tuesday, President Trump expressed his intention to transition the government-sponsored enterprises (GSEs) out

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Trump’s GSE exit pursuit is complicated (and could be costly)

Department of the Treasury, Donald Trump, Fannie Mae, Freddie Mac, GSE Reform, HWmember, Keefe, Bruyette & Woods, Mortgage, Regulatory, Trump administration /

President Donald Trump’s bombshell Truth Social post on Wednesday night sent the stock prices of Fannie Mae and Freddie Mac soaring. But removing the government-sponsored enterprises (GSEs) from conservatorship after 16-plus years would be a complicated endeavor. And if they’re not removed carefully, costs for borrowers could spike. Trump’s announcement that he’s considering a public

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