News Release 2020-82 | June 25, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemCommodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of the Comptroller of the CurrencySecurities and Exchange Commission Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge […]
Category Archives: U.S. Treasury
Treasury Targets Major Iranian Metals Companies and Foreign Subsidiaries and Sales Agents
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against four steel, aluminum, and iron companies operating within Iran’s metals sector, including one subsidiary of Mobarakeh Steel Company — Iran’s largest steel manufacturer. Treasury is also designating one Germany-based and three United Arab Emirates (UAE)-based sales agents […]
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
News Release 2020-81 | June 24, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability […]
Treasury Sanctions Five Iranian Captains Who Delivered Gasoline to the Maduro Regime in Venezuela
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against the captains of the five ships that U.S.-sanctioned Islamic Republic of Iran Shipping Lines (IRISL) and National Iranian Tanker Company (NITC) used to deliver Iranian gasoline to the illegitimate Maduro regime in Venezuela. These captains, who led five Iranian flagged tankers […]
Federal and State Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions
News Release 2020-80 | June 23, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the CurrencyState Financial Regulators The four federal agencies in conjunction with the state bank and credit union regulators today issued examiner guidance to promote consistency and […]
OCC Interim Final Rule Reduces Assessments in Response to COVID-19
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 […]
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 […]
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 […]
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 […]