American Land Title Association Applauds Senate Appropriations Committee for Elevating Real Estate Wire Fraud Issues

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WASHINGTON, Oct. 21, 2021 /PRNewswire/ — The American Land Title Association (ALTA), the national trade association of the land title insurance industry, today applauds the Senate Committee on Appropriations for elevating the issues of real estate wire fraud, business email compromise (BEC) and related scams in three of the Fiscal Year 2022 appropriations reports released this week.

For the third year in a row, ALTA successfully worked with the Senate Committee on Appropriations to push several federal agencies to focus more on real estate wire fraud and BEC scams as part of Congress’ annual appropriations process.

“The American Land Title Association applauds the Senate Committee on Appropriations for bringing attention to real estate wire fraud, BEC and related scams, which have only compounded during the COVID-19 pandemic,” said Diane Tomb, ALTA’s chief executive officer. “Both House and Senate appropriators are working to raise awareness on…

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