U.S. Treasury Takes Sweeping Action Against Russia’s War Efforts

Designations Include Financial Executives, Weapons Manufacturer, and State-Controlled Television Stations New Prohibitions Ban Services Critical to Russia’s Wartime Effort WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated individuals and entities critical to Russia’s ability to wage war against Ukraine. These include the board members of two of […]

U.S. Treasury Issues First-Ever Sanctions on a Virtual Currency Mixer, Targets DPRK Cyber Threats

Additional Lazarus Group Virtual Wallet Addresses Identified WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned virtual currency mixer Blender.io (Blender), which is used by the Democratic People’s Republic of Korea (DPRK) to support its malicious cyber activities and money-laundering of stolen virtual currency. On March 23, 2022, […]

Statement from Secretaries Yellen, Fudge, McDonough, and Vilsack on Continued Efforts to Connect Homeowners to Pandemic Relief

WASHINGTON — The Secretaries of Treasury Janet L. Yellen, Housing and Urban Development Marcia L. Fudge, Veterans Affairs Denis McDonough, and Agriculture Tom Vilsack are calling on servicers of federally backed mortgages to make every effort to ensure no individual or family unduly experiences unnecessary hardship or foreclosure while assistance is available under the Homeowner […]

Acting Comptroller Issues Statement on Interagency Proposal to Modernize the Community Reinvestment Act

News Release 2022-48 | May 5, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at today’s Federal Deposit Insurance Corporation (FDIC) board meeting to consider the interagency notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA). Today marks an important milestone in our […]

Agencies Issue Joint Proposal to Strengthen and Modernize Community Reinvestment Act Regulations

News Release 2022-47 | May 5, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—Federal bank regulatory agencies today jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the […]

Statement from Secretary of the Treasury Janet L. Yellen on the Joint Release of a Notice of Proposed Rulemaking (NPR)

WASHINGTON – U.S. Secretary of the Treasury Janet L. Yellen released the following statement on the joint release of a Notice of Proposed Rulemaking (NPR) related to the Community Reinvestment Act (CRA) by the Board of Governors of the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.  […]

Remarks by Assistant Secretary for Tax Policy Lily Batchelder for the D.C. Bar Association

Remarks as prepared for delivery. Thank you, Scott, for the kind introduction, and for inviting me to speak today. It is a privilege to be here. The DC Bar is at the center of the tax world, and the insights you bring to tax legislation and regulations are unmatched. Today, I want to talk about […]

Minutes of the Meeting of the Treasury Borrowing Advisory Committee May 3, 2022

The Committee convened in a closed session at the Department of the Treasury at 9:00 a.m.  All members were present.  Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office […]

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable with Asian American Pacific Islander (AAPI) Business Owners

LOS ANGELES – Today, the National Asian Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) and Asian Business Association (ABA) hosted Deputy Secretary of the Treasury Wally Adeyemo for a roundtable with AAPI business owners from the greater Los Angeles Area in recognition of the start of AAPI Heritage Month. Taking place at […]

Remarks by Treasury’s Counselor for Racial Equity Janis Bowdler at the 2022 Inclusiv Annual Conference in San Juan, Puerto Rico

Remarks as prepared for delivery: Thank you to Inclusiv CEO Cathie Mahon and Pablo DeFilippi, both of whom I’ve had the pleasure of working with for many years, for inviting me to the Inclusiv Annual Conference. I also want to recognize the important partners here, including CUPride, African American Credit Union Coalition, and the National […]