Fresh Today

Fresh Today

WASHINGTON—Rep. Barry Loudermilk (R-GA) has introduced the Financial Reporting Threshold Modernization Act (H.R. 6850), which would reform the Bank Secrecy Act (BSA) and provide some relief to credit unions by raising certain thresholds, including for currency transaction (CTR) and suspicious activity reports (SAR).

LONDON–Equifax has been hit with the maximum possible fine under U.K. law for "multiple failures" that contributed to its massive 2017 data breach. Among those failures, said U.K. authorities, was its failure to act on a critical vulnerability alert issued by the U.S. Department of Homeland Security.

FREDERICKSBURG, Va.—A new white paper urges security professionals—at organizations of all sizes—to not give up in their fight against fraud, arguing small but smart actions can make a big difference in the battle against cybercrime.

WASHINGTON–Jean Nellie Liang has been nominated by the White House to be the next – and final – member of the Federal Reserve Board. If confirmed by the Senate, she would serve a 14-year term ending Jan. 31, 2024.