By NW Atlanta News |
Jun 14, 2024
Washington D.C. (June 14, 2024) | This week, Rep. Barry Loudermilk (GA-11) reintroduced the Financial Reporting Threshold Modernization Act (H.R. 8686) to raise the Currency Transaction Report (CTR) threshold from $10,000 to $60,000 and ensure it is periodically adjusted for inflation. Updating this threshold aims to reduce the compliance and filing burden for small community banks and credit unions.