News Release 2020-104 | August 13, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 1, 2020, via remote means. The meeting is open to the public and will begin at […]
Category Archives: U.S. Treasury
Statement by Secretary Steven T. Mnuchin
Washington – Secretary Steven T. Mnuchin today issued the following statement: “Earlier today, Speaker Pelosi and I spoke by phone. Her statement is not an accurate reflection of our conversation. She made clear that she was unwilling to meet to continue negotiations unless we agreed in advance to her proposal, costing at least $2 trillion. […]
Treasury Releases Report of the Federal Interagency Task Force on Long-Term Care Insurance
WASHINGTON – The U.S. Department of the Treasury today released the report of the Federal Interagency Task Force on Long-Term Care Insurance (Task Force). The report, Long-Term Care Insurance: Recommendations for Improvement of Regulation, describes the work conducted by the Task Force and presents recommendations to reform the regulation of long-term care insurance (LTCI) in […]
Statement by Secretary Steven T. Mnuchin on the President’s Executive Orders Providing Continuing Economic Relief
U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the signing of Executive Orders by President Donald J. Trump that delay the collection of payroll taxes, enact eviction protections, extend enhanced unemployment benefits, and provide student loan repayment options: “I am pleased that President Trump has taken action to ensure that economic […]
OCC Releases CRA Evaluations for 30 National Banks and Federal Savings Associations
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 […]
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 […]