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.
CFPB launches pilot advisory opinion program
The CFPB has announced it has launched pilot advisory opinion (AO) program to publicly address regulatory uncertainty in the Bureau’s existing regulations. The pilot AO program will allow entities seeking to comply with regulatory requirements to submit a request where uncertainty exists. The Bureau will then select topics based on the program’s priorities and make the responses available to the public. The pilot program will focus on four key priorities:
- Ensuring consumers are provided with timely and understandable information to make responsible decisions
- Identifying outdated, unnecessary or unduly burdensome regulations in order to reduce regulatory burdens
- Consistency in enforcement of federal consumer financial law in order to promote fair competition
- Ensuring markets for consumer financial products and services operate transparently and efficiently to facilitate access and innovation
In addition to the pilot, the Bureau also announced that the public can comment on the proposed AO program, which the Bureau plans to fully implement after it completes a review of comments received following the pilot program.