News Release 2020-103 | August 7, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of July 1, 2020 through July 31, 2020. The list contains only national banks, federal savings associations, and insured federal […]
Category Archives: U.S. Treasury
OCC Reduces September 2020 Assessments in Response to COVID-19
News Release 2020-102 | August 7, 2020 Share This Page: WASHINGTON— The Office of the Comptroller of the Currency (OCC) is reducing assessments in response to the national health emergency related to COVID-19. Assessments due on September 30, 2020, for all OCC-supervised banks will be calculated using the December 31, 2019, Call Report for each institution, […]
Treasury Sanctions Individuals for Undermining Hong Kong’s Autonomy
WASHINGTON – Today, the Department of the Treasury imposed sanctions on 11 individuals for undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly of the citizens of Hong Kong. These actions were taken pursuant to Executive Order (E.O.) 13936, “The President’s Executive Order on Hong Kong Normalization,” which President Trump issued on […]
Treasury Sanctions Militia Leader in Central African Republic for Human Rights Abuse
Corresponding UN Security Council Designation Highlights Global Focus on CAR Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), corresponding with an action by the United Nations Security Council, took action against Bi Sidi Souleymane (Souleymane), also known as Sidiki Abbas. Souleymane leads the Central African Republic (CAR)-based militia […]
OCC Assesses $80 Million Civil Money Penalty Against Capital One
News Release 2020-101 | August 6, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed an $80 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A. The OCC took these actions based on the bank’s failure to establish effective risk assessment processes prior to migrating […]
Treasury Sanctions Criminal Network Threatening the Stability and Security of Libya
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a network of smugglers contributing to instability in Libya. OFAC designated Libyan national Faysal al-Wadi (Wadi), operator of the vessel Maraya; two associates, Musbah Mohamad M Wadi (Musbah) and Nourddin Milood M Musbah (Nourddin); and the Malta-based […]
Joint Statement on the U.S.-UK Financial Innovation Partnership Meeting
WASHINGTON – U.S. and UK participants in the U.S.-UK Financial Innovation Partnership (FIP) met virtually on August 5, 2020, to exchange views on topics of mutual interest as part of their ongoing partnership. The Regulatory and Commercial Pillars of the FIP met jointly to discuss deepening U.S.-UK ties in financial innovation. The U.S. participants included […]
President’s Working Group on Financial Markets Releases Report and Recommendations on Protecting Investors from Significant Risks from Chinese Companies
WASHINGTON – In response to President Trump’s June 4 Memorandum on Protecting United States Investors from Significant Risks from Chinese Companies, the President’s Working Group on Financial Markets (PWG) today released a report making five recommendations. These recommendations are designed to address risks to investors in U.S. financial markets posed by the Chinese government’s failure […]
Treasury Sanctions Corrupt Zimbabwean Businessman
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Kudakwashe Regimond Tagwirei (Tagwirei) for providing support to the leadership of the Government of Zimbabwe, as well as Sakunda Holdings for being owned or controlled by Tagwirei. Today’s action corresponds with the second anniversary of the Zimbabwean government’s […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association August 4, 2020
The Committee convened in a closed session via teleconference at 12:00 p.m. All members except Irene Tse were present. Principal Deputy Assistant Secretary for Financial Markets Kipp Kranbuhl, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Nick […]