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.
FTC sending checks and PayPal refunds to scam targets
The Federal Trade Commission has announced it is sending 70,142 checks and PayPal payments totaling $3,864,824 to consumers across the country who bought Quell, a wearable device that supposedly would treat chronic pain throughout the body when placed below the knee. Massachusetts-based NeuroMetrix, Inc. and its CEO, Shai Gozani, sold Quell—a transcutaneous electrical nerve stimulation device—to consumers, touting it as “clinically proven” and “FDA cleared” for widespread chronic pain relief. The Commission says that the defendants lack scientific evidence to support widespread chronic pain-relief claims, and their claims about clinical proof and the scope of FDA clearance for this use are false. The FTC is sending 2,144 refund checks and 67,998 refunds via PayPal to consumers. The average refund amount is $55.10 per consumer.