News Release 2020-79 | June 22, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved an interim final rule (IFR) that will reduce assessments due to be paid to the OCC on September 30, 2020. The OCC is providing this relief in response to the impact of the national emergency […]
Category Archives: U.S. Treasury
SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program
Washington—The U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury have agreed with the bipartisan leaders of the U.S. Senate Small Business Committee to make public additional data regarding the Paycheck Protection Program (PPP). This agreement will ensure that the interests of both transparency and protections for small businesses are served. “I […]
American Charitable Donations Highest on Record for Past 3 Years
WASHINGTON— American charitable donations in 2019 marked the highest contributions ever, according to Giving USA. American individuals, foundations and corporations gave $450 billion to U.S. charities in 2019, up 4.2 percent from the previous year. Strong economic growth in 2019 made the past three years of charitable giving the highest on record. Total giving growth […]
Readout from a Treasury Spokesperson of Secretary Mnuchin’s call with the Finance Ministers of the Five Eyes Nations
WASHINGTON – Secretary Mnuchin participated in a call with the Finance Ministers of the Five Eyes nations to discuss the economic impact of COVID-19. The Ministers shared updates on policy responses currently in place and discussed strategies to accelerate economic activity, in line with necessary health and safety measures as our economies reopen. They agreed […]
Treasury Targets Sanctions Evasion Network Supporting Corrupt Venezuelan Actors
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign entities, and identified two vessels as blocked property for their activities in or associated with a network attempting to evade United States sanctions on Venezuela’s oil sector. As the illegitimate Maduro regime has done […]
Treasury Sanctions Investors Supporting Assad Regime’s Corrupt Reconstruction Efforts
Designations target individuals and entities seeking to profit from the large-scale displacement of Syrian civilians Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 24 individuals and entities who are actively supporting the corrupt reconstruction efforts of Syrian President Bashar al-Assad. These designations include the Treasury Department’s first […]
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
Washington—Today, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a […]
OCC Reports Mortgage Performance Remains Stable
News Release 2020-78 | June 16, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported the performance of first-lien mortgages in the federal banking system remained stable during the first quarter of 2020. The OCC Mortgage Metrics Report, First Quarter 2020 showed 96.5 percent of mortgages included in the report were […]
Treasury Sanctions Nigerian Cyber Actors for Targeting U.S. Businesses and Individuals
WASHINGTON – Today, in a coordinated action with the U.S. Department of Justice, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against six Nigerian nationals for conducting an elaborate scheme to steal over six million dollars from victims across the United States. The individuals designated today targeted U.S. businesses and […]
Statement from Secretary Steven T. Mnuchin on Main Street Programs to Support Lending to Nonprofit Organizations
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the announcement that the Federal Reserve Board will seek public feedback on a proposal to expand the Main Street Lending Program to provide access to credit for nonprofit organizations: “Nonprofit organizations play a vital role in our economy and our society, […]