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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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CFPB seeking input on digital payment privacy and consumer protections

The Consumer Financial Protection Bureau on Friday announced it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered through large technology platforms. The agency is requesting comment on implementing existing financial privacy law and how to address intrusive data collection and personalized pricing. Comments will be accepted through April 11, 2025.

Additionally, the CFPB requested comments by March 31, 2025, on a proposed interpretive rule outlining how the Electronic Fund Transfer Act, which provides consumers with protections against errors and fraud, applies to new types of digital payment mechanisms, such as those currently offered through large technology companies and video gaming platforms, as well as stablecoins and other digital currencies that are not widely used today in consumer transactions. The Bureau also posted a Blog article requesting emailed comments by March 31, 2025, from electronic gamers and the general public on their experiences with video game currencies.

PUBLICATION UPDATES:

  • The proposed Regulation E interpretive rule was published at 90 FR 3723 in the 1/15/2025 Federal Register.
  • The request for information regarding collection, use, and monetization of consumer payment and other personal financial data was published at 90 FR 3804 on 1/15/2025.
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