Agencies Take Temporary Action on Appraisal Requirements in Area Affected by Hawaii Wildfires

To help facilitate recovery efforts from wildfires in Hawaii last year, four federal financial institution regulatory agencies today temporarily paused certain appraisal requirements for real estate-related transactions in Maui County. This temporary action is expected to allow banks and credit unions to work with families and businesses without obtaining an appraisal. Banks and credit unions […]

READOUT: U.S. Treasurer Chief Lynn Malerba Joins National Center for American Indian Enterprise Development’s Reservation Economic Summit

At the Summit, Chief Malerba shares Treasury Department initiatives supporting Tribal economic development, including small business financing and expanding access to capital   LAS VEGAS, NV – Today, U.S. Treasurer Chief Lynn Malerba delivered remarks at the at the National Center for American Indian Enterprise Development’s (NCAIED) 2024 Reservation Economic Summit (RES), the largest and […]

Remarks by Secretary of the Treasury Janet L. Yellen at Advanced Nano Products in Elizabethtown, Kentucky

As Prepared for Delivery Good afternoon. Thank you to Dr. Park for the introduction. I’m glad to be here with Governor Beshear, whose leadership for Team Kentucky is driving change on many shared priorities.  We’re here today to see Advanced Nano Products’ nearly $50 million investment for a facility that will produce parts for EV […]

Virtual Remarks by Secretary of the Treasury Janet L. Yellen at the National Center for American Indian Enterprise Development Reservation Economic Summit

During remarks, Secretary Yellen announces more than $100 million in new funding for small businesses in Tribal communities LAS VEGAS, NV – Today, Secretary of the Treasury Janet L. Yellen delivered pre-recorded remarks at the National Center for American Indian Enterprise Development Reservation Economic Summit on the historic investments the Biden-Harris Administration is making in […]

Treasury Targets Republika Srpska Officials for Activity Undermining the Dayton Peace Agreement

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating three individuals who have contributed to Specially Designated National (SDN) and Republika Srpska (RS) President Milorad Dodik’s (Dodik) efforts to undermine the peace and stability of Bosnia and Herzegovina (BiH) by organizing and executing the commemoration of “Republika […]

Remarks by Deputy Secretary Wally Adeyemo on the U.S. – South Africa Economic Relationship

As Prepared for Delivery in Johannesburg, South Africa Thank you for the warm welcome. I want to express my gratitude to Consul General Spera and the American Chamber of Commerce for hosting me. I am honored to be joined today by South African Entrepreneurs that are building companies to unlock the economic potential of their […]

New U.S. Department of the Treasury Analysis Continues to Show Inflation Reduction Act Achieving Key Goal of Driving Investment to Rural, Underserved Communities

Investments concentrated in communities with lower wages, lower employment rates, and lower college graduation rates WASHINGTON – Today, ahead of U.S. Secretary of the Treasury Janet L. Yellen’s visit to Advanced Nano Products in Elizabethtown, Kentucky, the U.S. Department of the Treasury published new analysis on the impact of the Inflation Reduction Act in continuing to drive […]

Acting Comptroller Discusses Operational Resiliency

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of operational resiliency in remarks at the Institute of International Bankers Annual Washington Conference. In his remarks, Mr. Hsu discussed the growing risks of disruptions that may impede the provision of financial services or adversely impact systems. He also discussed considerations to strengthen […]

U.S. Targets Al-Ashtar Brigades Operatives

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action in coordination with the Kingdom of Bahrain against key Iran-based operatives and a financial facilitator for designated terrorist group Al-Ashtar Brigades. The Department of State designated Al-Ashtar Brigades as a Foreign Terrorist Organization and a Specially Designated […]

Updated Joint Statement from the United States and Türkiye Regarding a Compromise on a Transitional Approach to Existing Unilateral Measures During the Interim Period Before Pillar 1 is in Effect

Updated Joint Statement from the United States and Türkiye Regarding a Compromise on a Transitional Approach to Existing Unilateral Measures During the Interim Period Before Pillar 1 is in Effect March 12, 2024 On October 8, 2021, the United States and Türkiye joined 134 other members of the G20/OECD Inclusive Framework on Base Erosion and […]