Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 11/22/17
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Will CFPB Director Richard Cordray's Resignation Usher in a New Era of Financial Services Regulation?
JD Supra - On Wednesday, November 15, 2017, Richard Cordray, the confirmed Director of the Consumer Financial Protection Bureau ("CFPB" or "Bureau") as of July 16, 2013, revealed that he will leave that position by the end of the month. During the past four years, Cordray has become one of the most powerful regulators ever of financial service entities in Washington, D.C. 

American Dream or New York State-Created Nightmare?
New York Law Journal - I am an attorney admitted to the NYS Bar since 1978 and have actively managed two different title insurance abstract companies for over a combined 25 years.

Threats, Torn Maps Test India's Digitization of Century-old Land Titles
VOA - India's push to digitize its land records to minimize conflicts and increase transparency of transactions is marred by torn maps, tradition and disputes dating back decades, according to an analysis of the progress made by three states.

Oops, county considers buying three lots where developer accidentally put a road
The Daily Courier - On the consent agenda of the Yavapai County Board of Supervisors meeting Wednesday in Cottonwood is an offer by the county to acquire three lots in the Lake Montezuma Hills subdivision not to exceed $21,300. Jerry Chadwick, owner of the lots, lives in Coos Bay, Oregon, and has given his permission for the sale.

Legal News
Illegal Activity and Real Estate Collateral
New York Law Journal - With the uncertainty posed by state-level marijuana legalization in direct conflict with federal drug laws that impose strict penalties on marijuana-related activities, real estate lenders must use caution now more than ever to avoid potential negative consequences resulting from illegal activity occurring at the collateral property.

Real Property, Financial Services, & Title Insurance Update: Weeks Ending November 3 & 10, 2017
JD Supra
Real Property Update:
  • Misrepresentation
  • Zoning / Certiorari
  • Hearsay / Business Records Exception
  • Restrictive Covenants / Standing
Financial Services Update:
  • FDCPA / Rosenthal Act / HOLA
Title Insurance Update
  • Title Insurer's Tort Liability
  • Coverage
House built over sewer in Farmington Hills saved from demolition
Oakland Press News - An expansive Farmington Hills home threatened with demolition because it is built over a sewer line has been saved, according to a settlement agreement between the homeowners, their title company, the City of Farmington Hills and other parties.

Tech / Social Media
A Call to Action: New York Becomes a National Force in Data Security
JD Supra - New York is emerging as the nation’s de facto top data security regulator. Earlier this year, the state’s powerful Department of Financial Services implemented its tough cybersecurity regulation covering banks and insurance companies. 

Notarize Enhances Mortgage Platform to Enable Online Closings for Title Agents
Business Wire - Notarize, the first digital platform for legally notarizing documents online, today announced the next iteration of the Notarize Mortgage Platform with a suite of new services that allow the entire industry to connect and serve buyers and sellers online.

In Other News
Why women running banks is the norm in Israel
American Banker - Earlier this year, the Israeli public celebrated the success of the blockbuster film “Wonder Woman” and its homegrown lead actress, Gal Gadot. Intrigued by the movie’s popularity, I went to see the movie in which the exotic super heroine has a slight foreign accent thanks to Gadot’s portrayal.

The IKEA Dictionary
By Lars Petrus - Part of what makes IKEA unique is their product names. Each name means something, often in a funny or ambiguous way. When IKEA went international, they decided to use the same Swedish names everywhere. This makes sense from an organizational sanity standpoint, but it deprives most of the world of this particular joy.

Looking Inside the Mind of a Gen Z Shopper
JD Supra - As the 2017 holiday season nears, consumers are getting ready to open their wallets and retailers are hoping their promotions will attract those consumers. Generation Z (“Gen Z”), which includes young people born in the mid-1990s to mid-2000s, is an important but often forgotten portion of the consumer population.

Climate Change Ripens Prospects For German Winemakers
NPR - Johannes Selbach's family has made wine in Germany's Mosel Valley for four centuries, and he spares little of the history on a tour of his vineyards. He has had three soil profiles extracted from the ground and mounted on the wall of his winery.

Funny Japanese Game Show Slippery Stairs - Just Hilarious
YouTube, Just Wow Me - This is the most hilarious crazy Slippery Stairs moment from a Japanese Game Show that makes no sense but it's funny to watch.

Title Agents Go Nationwide
For agents interested in growing their businesses by expanding into multiple states, we’re here to make the process simple and profitable. We offer you one point of contact to streamline your options and solutions.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group