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Increasing documentation required for high-risk stores applying to redeem SNAP benefits to better verify their identity and assure their business integrity.
WHITEHOUSE: Protecting Taxpayer Dollars by Strengthening SNAP
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Most operate within a web of risk limits, documentation requirements and other rules that make it easy to turn a bad bet into a criminal matter.
FORBES: Why Rogue Traders Get Jail But Bad Execs Get A Pension
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Mortgage loans today, especially FHA loans, are so thoroughly vetted, that the documentation requirements alone, significantly reduce risk profiles, defaults and foreclosures.
FORBES: How The Payroll Tax Cut Is Costing Low Income Borrowers
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Layering of risk means the borrowers courted by these lenders had multiple characteristics that would put them at high risk for default, including no down payment, no documentation of income or assets, low credit scores and second mortgage in lieu of a down payment.
FORBES: Magazine Article
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This was the biggest risk in my life, but I found myself being convinced by it as I put together the documentation to demonstrate to the leaders at Intuit (and my bankers) that I could make this happen.
FORBES: How I Bought My Own Company