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.
Bureau publishes proposed new Regulation AA
The CFPB has published [90 FR 3566] in today's Federal Register a proposed rule and request for comment that would add new Part 1027 (Prohibited Terms and Conditions in Agreements for Consumer Financial Products or Services - Regulation AA) to Title X of the Code of Federal Regulations.
The proposal would prohibit covered persons from including in their contracts any provisions purporting to waive substantive consumer legal rights and protections (or their remedies) granted by state or federal law. The proposal would also prohibit contract terms that limit free expression, including with threats of account closure, fines, or breach of contract claims, as well as other contract terms. The proposal would also codify certain longstanding prohibitions under the Federal Trade Commission’s (FTC) Credit Practices Rule.
Comments will be accepted through April 1, 2025.
print
share