Washington Report

Advocacy Updates from Washington D.C.

NAR Hosts Meeting with FBI on Cybercrime

On December 11, NAR joined other industry organizations to discuss with officials of the Federal Bureau of Investigation the impact cybercrime is having on real estate transactions. In addition to NAR, which hosted the meeting, organizations that participated included the American Bankers Association, American Escrow Association, American Land Title Association, Asian Real Estate Association of America, Mortgage Bankers Association, and Real Estate Service Providers Council. The group will continue to work with the FBI on strategies for combating wire fraud through the use of technology, communications with the public, legislative and regulatory changes, and information-sharing about threats and best practices. The group plans to meet next in mid-January.

Strategies for dealing with wire fraud