WASHINGTON – U.S. Secretary of the Treasury Janet L. Yellen released the following statement on President Biden’s executive order on digital assets. “President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy. This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and […]
Category Archives: U.S. Treasury
U.S. Treasury Guidance on President Biden’s Executive Order
WASHINGTON – Following President Biden’s announcement today banning the import of Russian oil, liquefied natural gas, and coal to the United States – a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to continue his needless war of choice — the U.S. Treasury released one […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo from American Rescue Plan Anniversary Visit to Emergency Rental Assistance Program in Memphis, Tennessee
WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo delivered the following remarks at an event highlighting the Memphis and Shelby County Emergency Rental Assistance program as part of an American Rescue Plan Act anniversary tour. As prepared for delivery Thank you so much for hosting me today, and for all the work you all […]
Deputy Secretary of the Treasury Wally Adeyemo Highlights Emergency Rental Assistance Program in Memphis, Tennessee on American Rescue Plan Anniversary Tour
Treasury announces roughly 4.3 million Emergency Assistance payments made to households through January 2022 WASHINGTON — Today, Deputy Secretary of the Treasury Wally Adeyemo traveled to Memphis, Tennessee to highlight how American Rescue Plan funds have been used to keep Americans in their homes during the pandemic. The Deputy Secretary’s trip, which comes a year […]
Treasury Launches Consumer Education Effort on Digital Assets
WASHINGTON — The U.S. Department of the Treasury announced today that the Financial Literacy and Education Commission (FLEC) would form a new subgroup on digital asset financial education, which will operate alongside the FLEC’s current workstream analyzing the impact of climate change on household and community financial resilience. Through this group, the FLEC will work […]
Acting Comptroller Discusses Climate Risk Management, Diversity and Inclusion
News Release 2022-22 | March 7, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed climate-related financial risk and the importance of promoting diversity and inclusion in the banking industry at the Institute of International Bankers Annual Washington Conference. Related Links Media Contact Stephanie Collins(202) 649-6870 Related posts: Federal and State […]
Remarks by Under Secretary for Domestic Finance Nellie Liang at the Institute of International Bankers’ Annual Washington Conference
As prepared for delivery Let me start by thanking the Institute for International Bankers for inviting me to join you today. I prepared remarks for today focusing on financial system resilience. But first I want to acknowledge the heroic resilience of the Ukrainian people as they fight for their country against Russia’s unprovoked attack. We […]
New Treasury Report Finds Corporate Concentration, Anti-competitive Practices Have Stifled Wages for Workers and Reduced their Power in the Marketplace
Study of Competition in Labor Market Recommends Reforms in Order to Level Playing Field for All Americans; White House Hosts Roundtable with Workers to Discuss Findings WASHINGTON — The U.S. Department of the Treasury, in consultation with the U.S. Department of Justice, the U.S. Department of Labor and the Federal Trade Commission, issued a new […]
Amanda Freedle Named Deputy Comptroller and Chief Accountant
News Release 2022-21 | March 4, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Amanda Freedle to be the agency’s next Deputy Comptroller and Chief Accountant. In this role, Ms. Freedle will lead the OCC’s efforts for bank accounting and financial reporting, providing accounting counsel to […]
FATF Strengthens Financial Transparency Standards and Updates Evaluation Methodology
WASHINGTON – Today the Financial Action Task Force (FATF) concluded its sixth plenary since the start of the ongoing COVID-19 pandemic, in a hybrid virtual/in-person session. The FATF agreed upon a revised standard to combat the misuse of anonymous shell companies and set the stage for its members and the broader global FATF network to […]