At Cullen and Dykman, we are dedicated to providing our clients with relevant updates in an ever-changing legal environment. Throughout 2025, we continued to deliver useful insights into key legal developments. Let us take a moment to reflect on our top 3 viewed legal alerts of the year:
1. The U.S. Department of Education Issues Dear Colleague Letter Regarding Title VI Compliance
On February 14, 2025, the U.S. Department of Education Office for Civil Rights (“OCR”) issued a Dear Colleague Letter (“DCL”) clarifying the obligations of educational institutions pursuant to Title VI of the Civil Rights Act of 1964. The DCL focuses on institutional obligations following the Supreme Court of the United States’ 2023 decision in Students for Fair Admissions v. Harvard (SFFA)[i]. To read more: Click Here
2. Significant Changes Being Made to Title Insurance Coverage and Costs in New York State
Significant changes in title insurance coverage and costs in New York State will impact both residential and commercial mortgage lenders in the state. These changes emanate from the new Title Insurance Rate Service Association (TIRSA) Rate Manual (7th Revision) which is effective in New York on October 1, 2024 (Rate Manual). To read more: Click Here
3. Beneficial Ownership Information (“BOI”) Reporting Update – BOI Filing Once Again Voluntary
We are issuing an important update regarding Beneficial Ownership Information ("BOI") reporting requirements under the Corporate Transparency Act ("CTA"). On December 26, 2024, the Fifth Circuit Court of Appeals reversed its December 23, 2024 decision and reinstated the preliminary injunction blocking the Financial Crimes Enforcement Network ("FinCEN") from enforcing BOI reporting deadlines. To read more: Click Here
To view future or catch up prior legal alerts/news posts, please visit our News and Insights page.
About Cullen and Dykman
Cullen and Dykman (www.cullenllp.com) has been providing legal services to institutional clients since 1850. The firm represents a wide range of clients, including banks and other financial institutions, energy, telecommunications and water companies, construction companies, insurers, educational institutions, religious organizations, and not-for-profits. With over 180 attorneys in seven offices located throughout the Northeast and Mid-Atlantic regions, Cullen and Dykman is strategically positioned to meet the changing needs and demands of our clients.