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.