The Senate has introduced the Streamlining Transaction Reporting and Ensuring Anti-Money Laundering Improvements for a New Era Act, or the STREAMLINE Act, an initiative led by Senate Banking Committee Chairman Tim Scott and Senator John Kennedy, with support from several Republican co-sponsors.

For the first time in over five decades, the bill would modernize key components of the Bank Secrecy Act (“BSA”). Some key proposed changes include: (1) increasing the reporting thresholds, (2) instituting periodic inflation adjustments, and (3) requiring Treasury to update and rationalize reporting processes and related form.  Industry groups, including the American Bankers Association and leading credit unions and community banking associations, have expressed support.

This article summarizes the bill’s core provisions that may impact banks, credit unions, money services businesses, and businesses that engage in large cash transactions.

Shore Capital Partners has announced the closing of two new funds.

The sixth Shore Capital Healthcare Partners Fund closed with more than $625 million in capital commitments. The second Shore Search Partners Fund closed with close to $225 million in capital commitments.

Shore Capital, founded in 2009 and based in Chicago, pursues investments in…

Platinum Equity has announced it will acquire the Products & Healthcare Services (P&HS) segment of Owens & Minor.

P&HS, based in Richmond, Virginia, is a medical supply distribution platform primarily serving the U.S. acute care market.

Platinum Equity, founded in 1995 and based in Los Angeles, is a global investment firm. The firm specializes…

The Financial Crimes Enforcement Network (“FinCEN”) has recently taken two steps in furtherance of the Trump Administration’s deregulatory agenda.  In late September, FinCEN posted a notice to the Federal Register soliciting comments on a proposed “Survey of the Costs of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Compliance” to be completed by non-bank financial institutions (“NBFIs”).  On October 9, FinCEN published a series of frequently asked questions (“FAQs”) aimed at clarifying the requirements around filing suspicious activity reports (“SARs”).  Both actions point to an effort to ease compliance costs and align compliance efforts with law enforcement priorities.

California SB 82 — a bill that seeks to end “infinite” arbitration clauses and limit the scope of consumer arbitration agreements to the “use, payment, or provision of the good, service, money, or credit provided by that consumer use agreement” — was signed into law by Gov. Gavin Newsom on Oct. 6, 2025. SB 82…

In a significant step toward strengthening consumer privacy protections, the California Privacy Protection Agency (CPPA) board adopted a comprehensive set of updates to the California Consumer Privacy Act regulations. These long-anticipated regulations — covering cybersecurity audits, risk assessments and automated decision-making technology — mark a pivotal shift in the state’s data privacy enforcement landscape. CPPA staff…

On August 25, 2025, the U.S. Department of Health and Human Services Office of Inspector General (“OIG”) issued a report analyzing Medicare billing practices for remote patient monitoring (“RPM”) services during 2024. As RPM technologies have matured and become more accessible, their availability has driven widespread adoption and enhanced patient care by enabling continuous, data-informed management outside the clinic; at the same time, this proliferation has attracted heightened government attention. The report highlights the rapid growth of RPM utilization and payments, identifies patterns that may be indicators of potential fraud and abuse, and reiterates the need for enhanced oversight by the Centers for Medicare & Medicaid (“CMS”). The OIG’s findings assist providers in assessing regulatory and compliance implications.