Rep. Loudermilk’s Bill to Increase Consumer Privacy and Modernize Financial Reporting Gains Support
Rep. Loudermilk's bill, the Financial Reporting Threshold Modernization Act, raises the currency transaction report (CTR) threshold from $10,000 to $30,000, which, in some instances, will reduce regulatory paperwork on small community banks and credit unions by almost 80 percent. Here's what some business associations are saying about the bill: National Association of…