June 20, 2017
Increasing Price Competition for Title Insurers
The New York State Department of Financial Services issued proposed rules for title insurance last month and requested comments. I submitted the following: I write and teach about real estate and am the Academic Director of the Center for Urban … Continue reading
June 20, 2017 in NYS Department of Financial Services | Permalink | No Comments
May 18, 2017
Secrets of The Title Insurance Industry
The New York State Department of Financial Services has proposed two new regulations for the title insurance industry. Premiums for title insurance in New York State are set by regulators, so title insurance companies cannot compete on price. Instead, they … Continue reading
May 18, 2017 in NYS Department of Financial Services | Permalink | No Comments
January 22, 2016
Tough Edge for Financial Services
Law360 quoted me in Cuomo’s DFS Nominee Likely To Keep Tough Edge (behind a paywall). It reads, in part, Although New York Gov. Andrew Cuomo turned to a longtime BigLaw attorney to lead … Continue reading
January 22, 2016 in NYS Department of Financial Services | Permalink | No Comments
June 1, 2015
Reiss on Lawsky Legacy
Law360 quoted me in Lawsky’s Aggressive Tactics Provided Model For Regulators (behind a paywall). It reads, in part, New York Superintendent of Financial Services Benjamin Lawsky’s frequent, aggressive and often creative enforcement actions generated billions of dollars for the state and … Continue reading
June 1, 2015 in NYS Department of Financial Services | Permalink | No Comments
May 1, 2015
En-Titled Insurance
Benjamin M. Lawsky, the New York State Superintendent of Financial Services, has promulgated a proposed regulation regarding title insurance that is sure to shake up the title industry and, more importantly, reduce closing costs for NY homeowners. The proposed regulation … Continue reading
May 1, 2015 in NYS Department of Financial Services | Permalink | No Comments
December 23, 2014
Reiss on Ocwen Settlement
Law360 quoted me in New York’s Ocwen Deal Sets Tough Precedent For Regulators (behind a paywall). It reads in part, New York regulators ordered Ocwen Financial Corp. to pay $150 million in hard cash and barred the company from claiming … Continue reading
December 23, 2014 in NYS Department of Financial Services | Permalink | No Comments
November 19, 2014
Reiss on Lawsky’s Departure from DFS
Bloomberg interviewed me for Lawsky Leaving After $3 Billion in Fines Makes a Mark. The article reads in part, When Ocwen Financial Corp. (OCN) shares soared on the news that regulator Benjamin Lawsky, who’s probing the company, will step down, … Continue reading
November 19, 2014 in NYS Department of Financial Services | Permalink | No Comments
