OCC Releases CRA Evaluations for 21 National Banks and Federal Savings Associations

News Release 2020-88 | July 2, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of June 1, 2020 through June 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]

CFPB, OCC Host Virtual Innovation Office Hours

News Release 2020-87 | July 2, 2020 Share This Page: Joint Release Consumer Financial Protection BureauOffice of the Comptroller of the Currency The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) today announced they will host joint, virtual Innovation Office Hours, July 29-30, as part of the American Consumer […]

Treasury and Five Major Airlines Agree on Loan Terms

WASHINGTON – Today the U.S. Department of the Treasury announced that American Airlines, Frontier Airlines, Hawaiian Airlines, Sky West Airlines, and Spirit Airlines have signed letters of intent setting out the terms on which Treasury would extend loans under Division A, Title IV, Subtitle A of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  […]

Financial Action Task Force (FATF) Advances Its Work on Virtual Assets, Proliferation Financing, COVID-19, and Illegal Wildlife Trafficking

WASHINGTON – The Financial Action Task Force (FATF) concluded its 31st plenary meeting by calling on its members to tackle new threats and vulnerabilities posed by criminals during the COVID-19 crisis. The FATF also completed a 12-month review of progress made by jurisdictions on implementing the new FATF standards on virtual assets adopted during the […]

Taxpayers Should File Taxes by July 15th or Request Extension to October 15th

WASHINGTON, DC – The Department of the Treasury and IRS encourage taxpayers to file their taxes by July 15, or file for an automatic extension of time to file to October 15.  Due to COVID-19, the original tax filing and payment deadline for 2019 was postponed from April 15 to July 15. “We are pleased […]

Statement of Secretary Steven T. Mnuchin Before the House Committee on Financial Services

June 30, 2020 Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to join you today to discuss how the Department of the Treasury and the Federal Reserve are working together to provide liquidity to credit markets, businesses, and households, as well as state and municipal governments. We remain committed to […]

Statement from Secretary Steven T. Mnuchin on the Primary Market Corporate Credit Facility

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the launch of the Primary Market Corporate Credit Facility: “Since announcing the Primary and Secondary Market Corporate Credit Facilities (PMCCF and SMCCF) in late March, we have seen significant improvements in credit market liquidity.  Investment-grade primary and secondary market spreads have tightened substantially […]

OCC Reports First Quarter 2020 Bank Trading Revenue

News Release 2020-85 | June 26, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $6.7 billion in the first quarter 2020, which was $505.0 million, or 7.0 percent, less than the previous quarter. In the report, Quarterly Report on […]

Agencies Release Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance

News Release 2020-84 | June 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance. The Interagency Questions […]