WASHINGTON – Secretary Janet Yellen was confirmed in a historic vote by the United States Senate as Secretary of the Treasury Department, gaining broad bi-partisan support. The Senate confirmation came days after Secretary Yellen won unanimous backing from both Democrats and Republicans on the Senate Finance Committee. Secretary Yellen has the deep experience to meet […]
Monthly Archives: January 2021
Treasury Announces Appointment of Key Members of Staff
WASHINGTON – Today, the United States Department of the Treasury announced new members of staff who will serve in key roles. These qualified, tested, and skilled leaders will join a team prepared to deliver results by getting the economy back on track, strengthening the financial system, and restoring jobs. These appointees represent diverse and varied […]
FACT SHEET: Treasury to Work to Ensure Families Get Access to Economic Impact Payments
In response to President Biden’s COVID-19 Economic Relief Executive Order launching an all-of-government effort to provide economic relief, the U.S. Department of the Treasury will work to stand up an effort to help households who have not yet been able to access their stimulus payments get much-needed relief. As many as 8 million households may […]
Treasury Announces the Appointment of Members of Senior Staff
WASHINGTON – Today, the United States Department of the Treasury announced new members of staff who will serve in senior roles. As the country faces a deep economic downturn triggered by a global pandemic, these crisis-tested and experienced leaders are prepared to address the urgent economic and financial policy decisions facing the nation. These choices […]
OCC Approves Final Rule on Supervisory Guidance
News Release 2021-12 | January 19, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved a final rule confirming the OCC’s use of supervisory guidance for banks. The final rule codifies a statement, as amended, that was issued by the OCC, Board of Governors of the Federal Reserve System, Federal […]
OCC Publication Focuses on Bank Investments in Opportunity Zones
News Release 2021-11 | January 19, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Strengthening Communities With Opportunity Zone Investments.” This edition of Community Developments Investments explains how banks can support distressed communities by making investments in tax-advantaged qualified opportunity […]
Treasury Targets Venezuelan Oil Sector Sanctions Evasion Network
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals, fourteen entities, and six vessels for their ties to a network attempting to evade United States sanctions on Venezuela’s oil sector. The illegitimate Maduro regime has continued to use Petroleos de Venezuela, S.A. (PdVSA) as its primary […]
Can-Am Off-Road Maverick X3 Wins the Dakar Rally for an Unprecedented Fourth Consecutive Year Amidst More Competition
Another History-Making Performance Against Tougher Competition at the World’s Toughest Race ©BRP 2021 Valcourt, Quebec, January 15, 2021 – Four. Wins. In a row. BRP (TSX: DOO; NASDAQ: DOOO) and its Can-Am Off-Road vehicles just scored their fourth consecutive Dakar Rally victory (2018–2021), sweeping the top 11 places. Together, Maverick X3 racers completed more than […]
OCC Fines Former Wells Fargo General Counsel $3.5 Million in Settlement
News Release 2021-10 | January 15, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it has assessed a $3.5 million penalty against James Strother for his role in Wells Fargo Bank, N.A.’s systemic sales practices misconduct. The penalty came as part of a settlement with the bank’s former General […]
Treasury Finalizes Payroll Support to Aid Airline Industry Employees
WASHINGTON – Today, U.S. Treasury Secretary Steven T. Mnuchin announced that the U.S. Department of the Treasury approved more than $12 billion in payroll support for major passenger air carriers to support airline industry workers. Subtitle A of Title IV of Division N of the Consolidated Appropriations Act, 2021 (the PSP Extension Law) provides for […]