Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the Cuban Ministry of Interior and the Minister of Interior, Lazaro Alberto Álvarez Casas, for serious human rights abuse, pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets […]
Monthly Archives: January 2021
Good Design USA – BRP Wins Three Prestigious Awards
Valcourt, Quebec, January 14, 2021 – BRP has ended 2020 on a high note with three big wins at the prestigious Good Design USA Awards, thanks to its innovative and creative design. Here are the three winning products: 2020 Sea-Doo GTI 2020 Can-Am Spyder RT 2020 Ski-Doo Expedition Xtreme A winning year for BRP“We’re thrilled […]
OCC Releases 2021 Schedule of Virtual Bank Director Workshops
News Release 2021-9 | January 14, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced its 2021 schedule of free, virtual workshops for board of directors of national banks and federal savings associations. The OCC examiner-led workshops provide practical training and guidance to directors of national community banks […]
OCC Finalizes Rule Requiring Large Banks to Provide Fair Access to Bank Services, Capital, and Credit
News Release 2021-8 | January 14, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its finalized rule to ensure fair access to banking services provided by large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations. The rule codifies more than a decade of […]
Treasury Department and FHFA Amend Terms of Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac
WASHINGTON – The U.S. Department of the Treasury (Treasury) and the Federal Housing Finance Agency (FHFA) today announced an agreement to amend the Preferred Stock Purchase Agreements (PSPAs) between Treasury and each of Fannie Mae and Freddie Mac (the GSEs) to move the GSEs toward capitalization levels consistent with their size, risk, and importance to […]
Brian P. Brooks to Step Down, Blake Paulson to Become Acting Comptroller of the Currency on January 14, 2021
News Release 2021-7 | January 13, 2021 Share This Page: WASHINGTON — Acting Comptroller of the Currency Brian P. Brooks today announced he will step down on January 14, 2021, and pursuant to 12 USC 4, Chief Operating Officer Blake Paulson will become Acting Comptroller of the Currency. “It has been a great honor to serve […]
OCC Conditionally Approves Conversion of Anchorage Digital Bank
News Release 2021-6 | January 13, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced conditional approval of the conversion of Anchorage Trust Company, a South Dakota chartered trust company, to become Anchorage Digital Bank, National Association. The OCC granted a national trust bank charter to Anchorage after thorough review […]
SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19
Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with […]
Treasury Targets Billion Dollar Foundations Controlled by Iran’s Supreme Leader
Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against two organizations, along with their leaders and subsidiaries, controlled by the Supreme Leader of Iran, the Execution of Imam Khomeini’s Order (EIKO), and Astan Quds Razavi (AQR). While purportedly charitable organizations (bonyads), EIKO and AQR control large […]
Treasury Takes Further Action Against Russian-linked Actors
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took additional action against seven individuals and four entities that are part of a Russia-linked foreign influence network associated with Andrii Derkach. Russian agent Derkach was designated on September 10, 2020, pursuant to Executive Order (E.O.) 13848, for his attempt […]