WASHINGTON — Today, the U.S. Department of the Treasury announced it will make the remaining more than $13 billion in funding under the second wave of Emergency Rental Assistance (ERA2) available to the high-performing state and local government grantees. “Treasury is happy to provide these state and local government programs with additional resources to support Americans in […]
Category Archives: U.S. Treasury
Counterfeit Cashier’s Checks of Queensborough National Bank & Trust Company, Louisville, Ga.
Alert 2021-4| September 13, 2021 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
Statement by Secretary of the Treasury Janet L. Yellen on the 20th Anniversary of 9/11
9/11 was something we all experienced, although certainly not equally. No one bore the pain and hardship of September 11th more than those who lost loved ones and then those who sacrificed in the conflicts that came after. To those who bear the scars of 9/11 in those ways, I want you to know I’m […]
OCC to Hold Hearing on Charges Against Former Wells Fargo Bank, N.A. Executives; Agency Seeks Prohibition Order, Orders to Cease and Desist, and Civil Money Penalties
News Release 2021-96 | September 10, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a public hearing before an Administrative Law Judge beginning Monday, September 13, 2021, in Sioux Falls, S.D. The OCC will litigate enforcement actions against Claudia Russ Anderson, former Community Bank Group Risk Officer, David Julian, […]
OCC Assesses $250 Million Civil Money Penalty, Issues Cease and Desist Order Against Wells Fargo
News Release 2021-95 | September 9, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against Wells Fargo Bank, N.A, of Sioux Falls, S.D., based on the bank’s unsafe or unsound practices related to deficiencies in its home lending loss mitigation program and violations […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Virtual Meeting with G7 Finance Ministers
WASHINGTON – Earlier today, U.S. Secretary of the Treasury Janet L. Yellen participated in a virtual meeting with the G7 finance ministers. Following the historic agreement by the G7 in June – which was later supported by 134 countries representing more than 90% of the world’s GDP – to rewrite the international tax rules to […]
READOUT: Financial Stability Oversight Council Meeting on September 9, 2021
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 […]
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 […]