The Department of Labor this week published an FAQ regarding pension-linked emergency savings accounts, or PLESAs, which were mandated by the 2022 Secure 2.0 Act. PLESAs are short-term savings accounts established and maintained within a defined contribution plan, according to the agency. The FAQ covers PLESA eligibility, employer responsibilities, contribution rules and more.
FinCEN updates guidance for financial institutions on sharing information about fraud
FinCEN issued an updated fact sheet to clarify how financial institutions can share information with each other about suspected fraud under the provisions of the USA PATRIOT Act.









