FinCEN E-Filing Transition Period: July 1-8, 2012

After a host of difficulties, the BSA E-Filing System is now functioning properly and has finished processing backlog data. Institutions with rejected filings should have received electronic notification and should re-file reports accordingly.

FASB Clarifies TDRs

CPA Daren B. Tanner clarifies recent changes to Troubled Debt Restructuring after FASB released a new update.