💸Comment Request on EFT Payment Trace Information Collection
Proposed Collection of Information: Trace Request for Electronic Funds Transfer (EFT) Payment; and Trace Request Direct Deposit
Summary
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Trace Request for Electronic Funds Transfer (EFT) Payment; and Trace Request Direct Deposit.
Agencies
- Treasury Department
- Bureau of the Fiscal Service
Business Impact
$$ - Med
The document solicits comments on information collections related to Electronic Funds Transfer (EFT) and Direct Deposit tracing, which affects for-profit businesses by requiring them to engage in compliance practices and document the non-receipt of payments. This indicates a regulatory requirement that could impact operational processes for financial transactions.