Banking


The Federal Reserve Board issues as final a rule amending its international lending regulations ( www.federalreserve.gov/boarddocs/press/bcreg/2003/20030106/attachment.pdf ). To simplify matters and thus reduce banks’ regulatory burden, the board’s action eliminates from subpart D of Regulation K the requirement they use a particular method to account for fees on international loans. Instead, the new provision, which took effect February 10, instructs banks to follow GAAP in accounting for such fees.

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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.