“FinCEN clearly has the authority to regulate persons involved in real estate transactions,” James Vivenzio, a partner at Seattle-based law firm Perkins Coie and former director for the Bank Secrecy Act (BSA)... Read more »
The groups said the existing framework was designed after the financial crisis to strengthen bank resilience. But they argue the mortgage market has changed significantly since then. Reforms such as the Ability-to-Repay... Read more »