As Prepared for Delivery Good afternoon. Let me start by thanking you for your continued work promoting financial literacy and education and for being part of today’s Financial Literacy and Education Commission (FLEC) meeting. The FLEC provides a crucial forum to coordinate the government’s efforts to help consumers make informed, sound decisions that enhance their […]
Category Archives: U.S. Treasury
OCC Announces Two New Deputy Comptrollers for Large Bank Supervision
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the promotions of Robert Barnes and Kevin Greenfield as Deputy Comptrollers for Large Bank Supervision (LBS). “Robert and Kevin have each had distinguished careers at the OCC and are recognized throughout the agency for their diverse experience, considerable expertise, and strong leadership,” said Senior […]
Remarks by Assistant Secretary for Economic Policy (P.D.O.) Eric Van Nostrand on U.S. Business Investment in the Post-COVID Expansion
As Prepared for Delivery I am honored to join you at PIIE, an institution that has done as much as any to help policymakers and the public think through the trade-offs that animate the thorniest questions of economic policy. I am grateful to Adam Posen for extending his welcome; to Caroline Atkinson, our distinguished moderator; […]
Treasury Sanctions Sudanese Commander Involved in Human Rights Abuses in West Darfur
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Abdel Rahman Joma’a Barakallah (Barakallah) for his leadership role in the Rapid Support Forces (RSF), a primary party responsible for the ongoing violence against civilians in Sudan since April 2023. Barakallah led the RSF’s campaign in West Darfur, which was marked […]
Treasury Expands Sanctions on Republika Srpska Network Evading U.S. Sanctions
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating one individual and one entity who support a corrupt patronage network in Bosnia and Herzegovina (BiH) that is attempting to evade U.S. sanctions. This network is directly linked to U.S.-designated Igor Dodik (Igor), the son of Milorad Dodik […]
OCC Designates Three Senior National Bank Examiners
Related posts: Agencies Announce Two Actions to Support Lending to Households and Businesses Senior Deputy Comptroller for Large Bank Supervision Testifies on Climate-Related Financial Risks OCC Issues Fourth Quarter 2023 and First Quarter 2024 CRA Evaluation Schedule OCC Reports Mortgage Performance for Second Quarter of 2023
U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital
WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and the Federal Housing Finance Agency (FHFA) announced the establishment of a Working Group to increase capital for affordable housing lending from the Federal Home Loan Banks. The group will advance the Biden-Harris Administration’s priority of expanding the supply of affordable […]
Treasury Issues Final Rule Expanding CFIUS Coverage of Real Estate Transactions Around More Than 60 Military Installations
WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee on Foreign Investment in the United States (CFIUS), in close coordination and cooperation with the U.S. Department of Defense (Department of Defense), issued a final rule that significantly expands its ability to review certain real estate transactions by foreign persons […]
Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five Mexican nationals and two Mexico-based entities linked to La Linea, a violent Mexico-based drug trafficking organization responsible for trafficking fentanyl and other deadly drugs into the United States. Today’s action was coordinated closely with the Drug Enforcement Administration and the […]
READOUT: Sixth Meeting of the Financial Working Group Between the United States and the People’s Republic of China
WASHINGTON – The United States and the People’s Republic of China held the sixth meeting of the Financial Working Group (FWG) on the sidelines of the IMF-World Bank Annual Meetings in Washington on October 28. The meeting was co-led by Brent Neiman, Assistant Secretary for International Affairs at the U.S. Treasury, and Xuan Changneng, Deputy […]