Today's the deadline for giving the government your opinion on the new currency transaction report exemptions.
The interim rule, released this spring by the Treasury Department's Financial Crimes Enforcement Network, exempts banks from notifying the government about transactions exceeding $10,000 with those publicly traded companies, or their subsidiaries, that are included on their consolidated tax forms. It took effect on May 1.
Officials at the Treasury agency said the final rule will be released later this year, the time frame depending on how much change is called for in the comment letters. Officials have said they are looking to exempt more firms from the rule.
Also, the Federal Reserve Board has extended to Sept. 6 the comment deadline on a proposal to exempt many types of stored-value cards from the consumer protections established in Regulation E.