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FRY6 0MB Number 71000297 Approval expires November 30, 2022 Page 1 of 2Board of Governors of the Federal Reserve SystemReport at the close of business as of the end of fiscal year This Report is required
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What is diary of consumer payment?
The diary of consumer payment is a record that tracks the payment transactions made by consumers over a specified period, detailing purchases and payment methods used.
Who is required to file diary of consumer payment?
Businesses that engage in consumer transactions and are required to report payment information to regulatory authorities must file a diary of consumer payment.
How to fill out diary of consumer payment?
To fill out the diary of consumer payment, list each transaction with details such as the date, amount, method of payment (cash, credit card, etc.), and description of the goods or services purchased.
What is the purpose of diary of consumer payment?
The purpose of the diary of consumer payment is to ensure transparency and accountability in consumer transactions, facilitating tracking of payment habits and compliance with financial regulations.
What information must be reported on diary of consumer payment?
The information that must be reported includes the date of the transaction, amount, payment method, and a brief description of the products or services purchased.
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