Law360: Blackstone Co.’s GC Gets Aggressive In Vetting Borrowers
Real estate lenders will likely see increased regulation as the federal government takes a close look at anti-money laundering laws, and they will have to aggressively vet borrowers to remain compliant, says Elizabeth Verrier, general counsel of Blackstone Group LP portfolio company B2R Finance LP.
“You’re going to see regulation change,” she told Law360 in a recent interview. “There’s more of a buzz building about marketplace lending, quote-unquote shadow banks. That’s going to get some noise in 2016 to 2017.”
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