Banking


The Office of Thrift Supervision (OTS) says it is closely monitoring compliance with a new law, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001. In March the OTS provided savings institutions with guidance ( www.ots.treas.gov/docs/48896.pdf ) on complying with certain of the act’s provisions, which took effect in December, requiring financial institutions to produce—within 120 hours of regulators’ request—customer records or other documents necessary to fight money laundering.

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Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.