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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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Bureau updates advisory on elder financial exploitation

The CFPB has announced it has issued an updated advisory urging financial institutions to report suspected incidents of financial exploitation of older adults to the appropriate local, state and federal authorities. The Bureau also recommended that financial institutions file Suspicious Activity Reports (SARs) with the federal government when they suspect elder financial exploitation (EFE).

The updated advisory includes information on state reporting requirements and laws authorizing (in some states) delays in disbursing funds, the Senior Safe Act and SAR filing, and cooperation with adult protection service agencies, law enforcement and other government agencies.

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