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Home » Store » News » Federal Roundup

Federal Roundup

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Financial Crimes Enforcement Network: Foreclosure Rescue Scam Advisory. FinCEN issued an advisory to financial institutions April 6 on how to report bogus “foreclosure rescue services” using Suspicious Activity Reports. When applicable, FinCEN requests that “foreclosure rescue scams” be included in a SAR’s narrative portion. Signs of such scams include when a homeowner makes payments to somebody other than the mortgage holder or servicer or pays advance fees for foreclosure or...
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