Down payment AKA Cash to Close Ever wonder why your lender asks where your down payment came from? It’s not about judgment — it’s about compliance. Under the Patriot Act, lenders must verify the source of funds to ensure transparency and protect against financial crime. 📲 Let’s connect — I’ll walk you through how to document your funds properly (and avoid red flags). #mortgageadvisor #homebuyingtips #financialcompliance #mortgagetips #realestatefinance #PatriotAct #homeownership
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Looking to repair your credit without breaking the bank? It starts with connecting and engaging. By following these steps, individuals gain access to a wealth of knowledge and resources, all geared towards empowering them to take control of their financial futures. Inside, there is a free letter bundle and a video on crafting effective dispute letters that work, providing a step-by-step guide to factual disputing. #creditrepair #financialfreedom #disputing #creditscore #moneytips
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Fraudsters use a variety of approaches to convince you to part with your money. Here are 8 financial scams to be aware of. #8typesoffinancialscams #financialcrime #financialscam #advice
Fraudsters use a variety of approaches to convince you to part with your money. Here are 8 financial scams to be aware of. #8typesoffinancialscams #financialcrime #financialscam #advice
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A bankruptcy discharge doesn't have to be the end of your financial story. For working professionals, it can be the beginning of a strategic rebuild. This short guide outlines a clear, 3-step plan to start reconstructing your credit profile post-bankruptcy, emphasizing responsible financial habits that lenders look for. #FinancialRecovery #CreditManagement #PersonalFinance #DebtSolutions #Bankruptcy #ProfessionalGrowth #OVLG #FinancialLiteracy https://lnkd.in/gPhQcUsT
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If you’ve taken a loan, it’s important to know your rights when banks or financial institutions start recovery actions. You have the right to receive a clear notice, know the exact dues, and get a fair chance to repay or negotiate. If anything seems wrong or unfair, you can legally challenge it. Being aware of these rights protects your assets and ensures recovery processes are handled transparently, helping you manage financial challenges confidently. #BorrowersRights #FinancialAwareness #DebtRecovery #KnowYourRights #LegalHelp #LoanManagement
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🚨 Hot Off the Press! 🚨 The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has postponed implementation of the Residential Real Estate Reporting Rule until March 1, 2026. This delay, part of the broader Anti-Money Laundering Regulations for Residential Real Estate Transfers (RRE Rule), is intended to reduce business burdens while ensuring effective regulation. 📌 A major development for our industry—stay tuned as more guidance becomes available, the #hometeam will send it out. To read this article, click the link below: https://lnkd.in/eqVrKF64
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Democratic state attorneys general from across the country penned a letter to the Consumer Financial Protection Bureau opposing a proposed rule change that would alter the definition of a covered nonbank financial service provider. https://lnkd.in/gZi7-ahZ
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Democratic state attorneys general from across the country penned a letter to the Consumer Financial Protection Bureau opposing a proposed rule change that would alter the definition of a covered nonbank financial service provider. The attorneys general called nonbanks “a fundamental story in the evolution of consumer financial markets in the past two decades,” noting the Federal Reserve has said the sector has caused “profound transformations” in the financial system. The AGs wrote that the CFPB’s ability to designate which nonbanks fall under its supervision is “a key tool to protect consumers and promote fair and transparent consumer financial markets.” “Yet in the face of rapidly growing and evolving markets that increasingly touch the financial lives of American consumers every day, the Bureau is now proposing a rule that will impose artificial and arbitrary limits on its oversight of the entities that are responsible for digital payments,” the letter reads. The proposed change would define “conduct that poses risks to consumers” as actions that both “presents a high likelihood of significant harm to consumers” and is “directly connected to the offering or provision of a consumer financial product or service.” When announcing the proposal, the CFPB indicated the change would likely reduce the agency’s scope and limit the circumstances for when the Bureau would be able to get involved. The group of attorneys general argue that the new standard is “unduly restrictive” and “cannot be squared with the statutory scheme Congress adopted in Dodd-Frank.” Ultimately, they write, the move “constitutes bad public policy that needlessly increases risks of financial harm for millions of Americans.”
Democratic state attorneys general from across the country penned a letter to the Consumer Financial Protection Bureau opposing a proposed rule change that would alter the definition of a covered nonbank financial service provider. https://lnkd.in/gZi7-ahZ
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Recent cases demonstrate that banks have plenty of tools to defend against claims they were complicit in financial abuse of older adults, but financial institutions should also continue to educate customers about third-party scams, say attorneys at Troutman. https://lnkd.in/emrCNMF3
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🚨 Financial fraud is on the rise! Protect yourself and stay informed. Learn more about how to safeguard your finances at https://ow.ly/eqqN50WuisT 💚 #UnlockYourPotential #FraudAwareness #StaySafe
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🚨 Financial fraud is on the rise! Protect yourself and stay informed. Learn more about how to safeguard your finances at https://lnkd.in/ewWBhB5Z. 💚 #UnlockYourPotential #FraudAwareness #StaySafe
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