WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen at the Community Development Advisory Board Meeting Celebrating the CDFI Fund’s 30th Anniversary
As Prepared for Delivery Thank you. I am very glad to join you to mark the 30th anniversary of the Community Development Financial Institutions Fund with this Community Development Advisory Board meeting. Let me start by thanking my fellow government representatives for serving alongside me and the private citizens appointed to serve with us—both those […]
Treasury Targets Key Actors in Sanctions Evasion Scheme to Support Russia and North Korea
DPRK and Russian Financial Entities Orchestrated Illicit Payment Mechanisms WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a network of five entities and one individual—based in Russia and in the Russia-occupied Georgian region of South Ossetia—that have enabled and supported ongoing efforts to establish illicit payment mechanisms between […]
OCC Reports Mortgage Performance for Second Quarter of 2024
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2024. The OCC Mortgage Metrics Report, Second Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, […]
Treasury Sanctions Iranian Officials Connected to Human Rights Violations
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 12 individuals in connection with the Iranian regime’s ongoing, violent repression of the Iranian people, both within Iran’s borders and abroad. These designations target members of the Islamic Revolutionary Guard Corps (IRGC), officials of Iran’s Prisons Organization, and […]
U.S. Department of the Treasury Releases Guidance to Expand Clean Vehicle Recharging and Refueling Infrastructure and Lower Transportation Costs for Americans
The Alternative Fuel Vehicle Refueling Property Credit Will Lower Costs for Clean Vehicle Infrastructure and Transportation WASHINGTON – Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking and additional guidance on the Alternative Fuel Vehicle Refueling Property Credit as expanded by the Biden-Harris Administration’s Inflation Reduction […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Families of Americans Taken Hostage by Hamas
WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with the families of Americans taken hostage by Hamas as part of the October 7th terrorist attacks. The Secretary conveyed her unwavering support for the families and expressed her condolences to those whose loved ones have been killed. The Secretary also reiterated the President’s […]
Acting Comptroller Issues Statements at FDIC Board Meeting on Bank Merger Policy and Recordkeeping
Related posts: OCC Announces Executive Assignments in Chief Counsel’s Office OCC Announces Deputy Comptroller for Systemic Risk Identification and Support Acting Comptroller Issues Statement on Financial Stability Oversight Council’s Annual Report Acting Comptroller Issues Statement on FDIC Industrial Loan Company Application
OCC Approves Final Rule and Policy Statement on Bank Mergers
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved a final rule updating its regulations for business combinations involving national banks and federal savings associations and a policy statement clarifying its review of applications under the Bank Merger Act (BMA). The final rulemaking is part of the OCC’s effort to enhance transparency around […]
Remarks by Under Secretary of Domestic Finance Nellie Liang at the Future of Financial Markets: Innovation and Uncertainty, Georgetown Psaros Center for Financial Markets and Policy
Strengthening Treasury Market Liquidity and What Remains As Prepared for Delivery Thank you for the invitation to be part of this impressive conference on financial market quality and the opportunity to speak with you.[1] In my remarks today, I will focus on the Treasury market. This market serves the role of financing our government at […]