Designations target those connected to human rights abuse, including technology-enabled abuse WASHINGTON — Today, on International Human Rights Day, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 15 individuals and 10 entities for their connection to human rights abuse and repression in several countries around the globe, pursuant to […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with German Finance Minister Christian Lindner
WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen spoke with German Finance Minister Christian Lindner. Secretary Yellen congratulated Minister Lindner on his recent appointment and expressed appreciation for Germany’s commitment to the transatlantic alliance. The Secretary welcomed Germany’s upcoming G7 Presidency, and they discussed priorities for the forthcoming G7 year. Secretary Yellen […]
Unauthorized Banking: Amarico Trust Bank
Alert 2021-5| December 9, 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 […]
Acting Comptroller Issues Statement on HUD Guidance for Special Purpose Credit Programs
News Release 2021-130 | December 9, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement today regarding special purpose credit programs: Recently, the U.S. Department of Housing and Urban Development released guidance clarifying that special purpose credit programs that conform with the Equal Credit Opportunity Act (ECOA) and Regulation […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Regional Bank CEOs
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen held a virtual roundtable with CEOs of regional banks today to discuss the state of the economy and the Biden-Harris Administration’s economic agenda. The Secretary noted that regional banks have played a critical role in implementing some of the most significant aspects of the American Rescue Plan […]
Remarks by Secretary of the Treasury Janet L. Yellen at the Summit for Democracy
As prepared for delivery This gathering is a remarkable cross-section of the world’s democracies and, as we have heard so far, we share a common adversary: corruption. Whether it’s public officials on the take or laws that apply to everyone except the well-connected, corruption makes a mockery of our free and fair institutions. That is […]
Treasury Issues Sanctions on International Anti-Corruption Day
Designations target corrupt individuals and networks in Central America, Europe, and Africa WASHINGTON — Today, on International Anti-Corruption Day, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting fifteen individuals and entities across several countries in Central America, Africa, and Europe. Today’s actions are taken pursuant to Executive Order (E.O.) […]
Acting Comptroller Discusses Reforming Overdraft Programs
News Release 2021-129 | December 8, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed reforming bank overdraft programs to improve individuals’ financial health in remarks before the Consumer Federation of America’s 34th Annual Financial Services Conference. Related Links Media Contact Stephanie Collins(202) 649-6870 Related posts: New Brokered Deposits Rule Promotes […]
Treasury Targets Corruption Networks Linked to Transnational Organized Crime
Global Magnitsky Designations Target Nexus Between Public Corruption and Organized Crime WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting 16 individuals and 24 entities across several countries in Europe and the Western Hemisphere. Today’s actions are taken pursuant to Executive Order (E.O.) 13818, which builds upon […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Semiconductor Industry Association
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen met with the Semiconductor Industry Association’s Board of Directors today. Secretary Yellen noted the strength of America’s economic recovery and highlighted how the recently signed bipartisan infrastructure law will modernize U.S. infrastructure and strengthen the U.S. economy. She discussed how the law will drive domestic demand for […]