Remarks by Secretary of the Treasury Janet L. Yellen to the National Action Network’s Annual King Day Breakfast

WASHINGTON – Secretary of the Treasury Janet L. Yellen will deliver the following remarks at the National Action Network’s Annual King Day Breakfast.  As prepared for delivery Hello, everyone, and thank you, Reverend Sharpton, for inviting me today. It’s a real pleasure to join NAN in celebrating the life and legacy of “the moral leader […]

CSBS Withdraws Legal Challenge to OCC Chartering Figure Bank, N.A.

News Release 2022-3 | January 14, 2022 Share This Page: WASHINGTON—The Conference of State Bank Supervisors yesterday withdrew its lawsuit filed with the U.S. District Court for the District of Columbia challenging the Office of the Comptroller of the Currency (OCC) authority to charter an uninsured deposit-taking national bank. In December 2021, Figure Technologies amended their […]

Statement by Secretary of the Treasury Janet L. Yellen on Federal Reserve Nominations

WASHINGTON – Secretary of the Treasury Janet L. Yellen released the following statement today on President Joe Biden’s nominations to the Federal Reserve. “President Biden has nominated a full slate of nominees to the Federal Reserve that are committed to the board’s dual mandate of stable prices and maximum employment and represent a diversity of […]

Acting Comptroller Discusses Crypto-Assets and Regulation

News Release 2022-2 | January 13, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the regulation of stablecoins and other crypto-assets before the BritishAmerican Business Transatlantic Finance Forum 2021-2022 Executive Roundtable. Related Links Media Contact Stephanie Collins(202) 649-6870 Related posts: Agencies Issue Two Final Rules OCC Releases Bank Supervision Operating […]

Treasury Targets Democratic People’s Republic of Korea Individuals Supporting Weapons of Mass Destruction and Ballistic Missile Programs

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five Democratic People’s Republic of Korea (DPRK) individuals responsible for procuring goods for the DPRK’s weapons of mass destruction (WMD) and ballistic missile-related programs. These actions are in line with U.S. efforts to prevent the advancement of the DPRK’s […]

Unauthorized Banking: Fedro Asset Bank, N.A. and Ledge Community Credit Union, N.A.

Alert 2022-2| January 11, 2022 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 […]

Treasury Sanctions Six Nicaraguan Officials Ahead of Ortega-Murillo Sham Inauguration

Actions Taken in Conjunction with European Union Sanctions WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six officials of the Government of Nicaragua pursuant to Executive Order (E.O.) 13851. President Daniel Ortega and Vice President Rosario Murillo are scheduled to be inaugurated today following fraudulent national elections […]

Statement by Secretary of the Treasury Janet L. Yellen on the U.S. Mint’s American Women Quarters Program

WASHINGTON — Secretary of the Treasury Janet L. Yellen released the following statement on the U.S. Mint announcing that it has begun shipping the first coins in the American Women Quarters Program, featuring Maya Angelou. The U.S. Mint’s press release on this announcement is found here. “Each time we redesign our currency, we have the chance to say something […]

November Sets New Record for Emergency Rental Assistance Disbursed—$2.9 Billion to Aid 665,000 Households—As Eviction Filings Remain Below Pre-Pandemic Levels Nationally

Treasury shifting more than $1 billion within states or to high-demand programs in first round of reallocation. WASHINGTON — State and local governments provided assistance to approximately 665,000 renters and landlords in November 2021 with funding through the Department of the Treasury’s Emergency Rental Assistance (ERA) programs, bringing the total number of payments for the […]