WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference. At the meeting, the Secretary briefed the Council on the potential financial stability implications of a failure to increase the debt limit in a timely manner. The Council then […]
Category Archives: U.S. Treasury
OCC Issues Proposal to Rescind its 2020 Community Reinvestment Act Rule
News Release 2021-94 | September 8, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting comments on proposed rules to rescind the Community Reinvestment Act (CRA) rule issued in 2020 and replace it with rules adopted jointly by the Federal banking agencies in 1995, as amended. This action facilitates the […]
Agencies Extend Comment Period on Proposed Risk Management Guidance for Third-Party Relationships
News Release 2021-93 | September 7, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today announced that they will extend until October 18, 2021, the comment period on proposed guidance designed to help banking organizations manage […]
Statement from Secretary of the Treasury Janet L. Yellen on Labor Day
I’m hoping that this particular Labor Day is more than just holiday marking the end of summer. I’m hoping that it’s a moment of national reflection. Maybe even a moment of change. It’s clearer than ever that the process of securing dignity for America’s workers is not complete. For decades, we’ve seen wage divergence in […]
OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting September 28
News Release 2021-92 | September 3, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, September 28, 2021. The virtual meeting is open to the public and will begin at 8:30 a.m. Eastern Daylight […]
OCC Hosts Virtual Minority Depository Institutions Advisory Committee Meeting September 21
News Release 2021-91 | September 3, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 21, 2021. The meeting is open to the public and will begin at 10:00 a.m. Eastern Daylight […]
Treasury Sanctions Iranian Intelligence Network Targeting Iranian-American Activist in the United States
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating four Iranian intelligence operatives who targeted a U.S. citizen in the United States and Iranian dissidents in other countries as part of a wide-ranging campaign to silence critics of the Iranian government. Senior intelligence official Alireza Shahvaroghi Farahani […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo Visits Connecticut American Rescue Plan Programs
WASHINGTON – Today, Deputy Secretary of the Treasury Wally Adeyemo traveled to Middletown and Hartford, Connecticut to discuss the state’s effective Emergency Rental Assistance program and outreach efforts to enroll families to receive advance Child Tax Credit (CTC) payments under the American Rescue Plan. In Middletown, Deputy Secretary Adeyemo joined Connecticut Governor Ned Lamont, U.S. […]
READOUT: Treasury, White House, and Code for America Host Call to Discuss Collaboration and Launch of New Bilingual and Mobile-Friendly Sign-Up Tool for Advance Child Tax Credit
WASHINGTON – Earlier today, Treasury and White House officials hosted a video call with Code for America to announce their collaboration and launch of the civic technology non-profit’s new mobile-friendly and bilingual Child Tax Credit (CTC) sign-up tool – GetCTC.org. The call featured comments from White House and Treasury officials and a demonstration of the new […]
CDFI Fund Announces $5 Billion in New Markets Tax Credits
Awards will Spur Economic and Community Development Nationwide WASHINGTON – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 100 Community Development Entities (CDEs) were […]