WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]
Category Archives: U.S. Treasury
Treasury Targets Multiple Procurement Networks Supporting Iran’s Proliferation-Sensitive Programs
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) targeted three procurement networks –– based in Iran, Türkiye, Oman, and Germany –– that have supported Iran’s ballistic missile, nuclear, and defense programs. These networks have procured carbon fiber, epoxy resins, and other missile-applicable goods for Iran’s Islamic Revolutionary Guard […]
Treasury Sanctions Actors Supporting Kremlin-Directed Malign Influence Efforts
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two individuals and two entities for services they provided the Government of the Russian Federation (GoR) in connection with a foreign malign influence campaign, including attempting to impersonate legitimate media outlets. “We are committed to exposing Russia’s extensive campaigns of […]
OCC Reports Mortgage Performance for Fourth Quarter of 2023
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2023. The OCC Mortgage Metrics Report, Fourth Quarter 2023 showed that 97.2 percent of mortgages included in the report were current and performing at the end of the quarter, […]
New Treasury Department Data Show Homeowner Assistance Fund Kept More Than 500,000 Families In Their Homes
Alongside data, Treasury Department releases new blog post detailing how the Biden-Harris Administration learned lessons from the 2007-2008 financial crisis to build an effective and lasting foreclosure prevention program that kept more families housed WASHINGTON – Today, the U.S. Department of the Treasury released Homeowner Assistance Fund (HAF) data through December 31, 2023, which shows the American Rescue […]
READOUT: U.S. Treasurer Chief Lynn Malerba Joins Tribal Energy Equity Summit to Discuss Opportunities for Tribal Economic Development in the Inflation Reduction Act
TULSA, OK – Today, U.S. Treasurer Chief Lynn Malerba delivered keynote remarks at the Tribal Energy Equity Summit. During her remarks, Chief Malerba highlighted several of the Treasury Department’s Tribal economic development efforts, including the Department’s work with Tribes to ensure they are able to take advantage of opportunities unlocked by President Biden’s Inflation Reduction […]
READOUT: U.S. Department of the Treasury Hosts Roundtable with Insurance Industry Stakeholders on Climate-Related Risks and U.S. Insurance Markets
WASHINGTON — Today, the U.S. Department of the Treasury hosted a virtual roundtable with insurance industry stakeholders to discuss how the increased risks from climate change are affecting U.S. insurance markets. Under Secretary for Domestic Finance Nellie Liang and other senior Treasury officials led discussions with insurers, reinsurers, and catastrophe modeling firms on challenges that […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Travel to South Africa
PRETORIA – From March 11-15, Deputy Secretary of the Treasury Wally Adeyemo traveled to South Africa to advance the U.S. – South Africa economic relationship, foster investment in the next generation of South African entrepreneurs and leaders, advance the Just Energy Transition Partnership (JETP), and increase collaboration on illicit finance issues. He met with government […]
U.S. Department of the Treasury, IRS Announce New Milestone in Implementation of Key Provisions to Expand the Reach of Clean Energy Tax Credits
More than 500 Entities Have Registered 45,500 Projects for New Elective Pay and Transferability Credit Monetization Provisions WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced reaching a new milestone in implementation of key provisions in the Inflation Reduction Act to expand the reach of the clean energy […]
READOUT: Assistant Secretary for International Finance Brent Neiman’s Travel to Argentina
BUENOS AIRES – From March 13-15, Assistant Secretary for International Finance Brent Neiman visited Buenos Aires and met with senior members of President Milei’s administration, including Minister of Economy Luis Caputo, Secretary of Finance Pablo Quirno, and Central Bank of the Argentine Republic President Santiago Bausili and Vice President Vladimir Werning. Assistant Secretary Neiman also […]