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Standing Up to FinCEN: One Title Agent’s Fight - Celia Flowers & Luke Wake | S2E16
When the Financial Crimes Enforcement Network (FinCEN) announced sweeping new reporting requirements, one Texas title agent decided she couldn’t stay silent. Instead of quietly complying, she became the lead plaintiff in a national lawsuit challenging the legality of the rule. Listen as she shares her story, alongside her attorney, Luke Wake of the Pacific Legal Foundation, about what’s at stake for the separation of
powers, privacy and the future of compliance in real estate
transactions. Keys to Real Estate host Mary Schuster facilitated the conversation, which covered a multitude of considerations real estate professionals will have to become familiar with if the rule, which originally was set to take effect Dec. 1, 2025, but has since been delayed until March 1, 2026.
Chapters:
0:00 Introduction
2:16 Meet Celia Flowers & Luke Wake
5:40 What FinCEN’s Rule Requires
12:15 Why Celia Said No
18:30 The Lawsuit Explained
26:10 Separation of Powers and Privacy Concerns
33:45 Implications for Compliance and Real Estate Transactions
41:00 How the Industry is Reacting
48:20 Looking Ahead: What’s Next for the Case
52:30 Closing Thoughts
Get In Touch…
To learn more about Pacific Legal Foundation visit:
www.pacificlegal.org
Celia Flowers (Guest), [email protected] Luke
Wake (Guest), [email protected]
Mary Schuster (Host), [email protected]
To find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit https://www.octoberresearch.com.
Episode sponsored by Closinglock – https://www.closinglock.com
Episode produced by October Research – https://www.octoberresearch.com
View all episodes
By October Research, LLCWhen the Financial Crimes Enforcement Network (FinCEN) announced sweeping new reporting requirements, one Texas title agent decided she couldn’t stay silent. Instead of quietly complying, she became the lead plaintiff in a national lawsuit challenging the legality of the rule. Listen as she shares her story, alongside her attorney, Luke Wake of the Pacific Legal Foundation, about what’s at stake for the separation of
powers, privacy and the future of compliance in real estate
transactions. Keys to Real Estate host Mary Schuster facilitated the conversation, which covered a multitude of considerations real estate professionals will have to become familiar with if the rule, which originally was set to take effect Dec. 1, 2025, but has since been delayed until March 1, 2026.
Chapters:
0:00 Introduction
2:16 Meet Celia Flowers & Luke Wake
5:40 What FinCEN’s Rule Requires
12:15 Why Celia Said No
18:30 The Lawsuit Explained
26:10 Separation of Powers and Privacy Concerns
33:45 Implications for Compliance and Real Estate Transactions
41:00 How the Industry is Reacting
48:20 Looking Ahead: What’s Next for the Case
52:30 Closing Thoughts
Get In Touch…
To learn more about Pacific Legal Foundation visit:
www.pacificlegal.org
Celia Flowers (Guest), [email protected] Luke
Wake (Guest), [email protected]
Mary Schuster (Host), [email protected]
To find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit https://www.octoberresearch.com.
Episode sponsored by Closinglock – https://www.closinglock.com
Episode produced by October Research – https://www.octoberresearch.com