Archive for the ‘Laws’ Category

New Law Keeps Banks Out

Saturday, March 14th, 2009

President Barack Obama signed a bill into law Wednesday that permanently prohibits banks from entering the real estate brokerage and management business. The bill–H.R. 1105, the Omnibus Appropriations Bill–ends the National Association of REALTORS’ nearly eight-year battle to preserve the separation between banking and commerce. “If banks had been allowed to engage in real estate [...]