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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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Schemers who targeted new businesses fined

The Federal Trade Commission has announced the operators of a scheme that targeted new businesses across the country with bogus threats of government fines will pay $1.2 million and be banned from sending unsolicited direct mail under a settlement with the Commission and the State of Florida. The defendants’ mailers directed businesses to pay $84 for labor law posters and threatened that, “Failure to comply with posting regulations can lead to fines of up to $17,000.” Such posters are available for free from government agencies. The settlement imposes judgments totaling more than $8 million, which are suspended due to the defendants’ inability to pay. They will instead pay $1.2 million that will be returned to businesses that lost money to the scheme.

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