All articles tagged with #escrow
A federal judge ordered the release from escrow of the $5.8 million verdict (plus accrued interest) awarded to E. Jean Carroll after the Supreme Court declined to hear Trump’s appeal, ending a bid to delay payment amid ongoing appeals related to Carroll’s allegations and subsequent defamation claims.
The Trump administration is pursuing a broad unwind of Iran sanctions as part of a deal to open the Strait of Hormuz and end the war, including a 60-day waiver window and a General License X to allow oil payments in US-dollar-denominated funds. Banks face complex compliance challenges and heightened risk aversion as they navigate the patchwork of new permissions and old restrictions. hawks push for escrow-like controls to ensure funds don’t flow to proxies, while legal and congressional hurdles—such as Iran-related reporting laws and questions about permanent removal—mean the unwind could be fragile and contingent, risking a flare‑up if the deal falters.
The Supreme Court has given homeowners another chance to compel Bank of America and other large banks to pay interest on mortgage escrow accounts, overturning an appeals court ruling that favored the bank. The decision emphasizes that not all state banking laws are pre-empted by federal law, particularly under the Dodd-Frank Act.