WASHINGTON – The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. “The PPP is providing much-needed relief to millions of American […]
Category Archives: U.S. Treasury
OCC Releases CRA Evaluations for 21 National Banks and Federal Savings Associations
News Release 2020-88 | July 2, 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 June 1, 2020 through June 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]
CFPB, OCC Host Virtual Innovation Office Hours
News Release 2020-87 | July 2, 2020 Share This Page: Joint Release Consumer Financial Protection BureauOffice of the Comptroller of the Currency The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) today announced they will host joint, virtual Innovation Office Hours, July 29-30, as part of the American Consumer […]
Treasury and Five Major Airlines Agree on Loan Terms
WASHINGTON – Today the U.S. Department of the Treasury announced that American Airlines, Frontier Airlines, Hawaiian Airlines, Sky West Airlines, and Spirit Airlines have signed letters of intent setting out the terms on which Treasury would extend loans under Division A, Title IV, Subtitle A of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. […]
Statement from Secretary Steven T. Mnuchin on the African Development Bank Ethics Review
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the African Development Bank ethics review: “I welcome the African Development Bank Governors’ decision to conduct an independent review of the work of the Bank’s Ethics Committee and its appointment of a high-level panel led by former Irish President Mary Robinson to […]
Treasury to Provide Loan to YRC Worldwide
WASHINGTON – Today the U.S. Department of the Treasury announced that it intends to make a $700 million loan to YRC Worldwide Inc., and that it had reached an agreement with YRC on June 30, 2020, to receive a 29.6% equity stake in the company in connection with the loan under Division A, Title IV, […]
Financial Action Task Force (FATF) Advances Its Work on Virtual Assets, Proliferation Financing, COVID-19, and Illegal Wildlife Trafficking
WASHINGTON – The Financial Action Task Force (FATF) concluded its 31st plenary meeting by calling on its members to tackle new threats and vulnerabilities posed by criminals during the COVID-19 crisis. The FATF also completed a 12-month review of progress made by jurisdictions on implementing the new FATF standards on virtual assets adopted during the […]
Taxpayers Should File Taxes by July 15th or Request Extension to October 15th
WASHINGTON, DC – The Department of the Treasury and IRS encourage taxpayers to file their taxes by July 15, or file for an automatic extension of time to file to October 15. Due to COVID-19, the original tax filing and payment deadline for 2019 was postponed from April 15 to July 15. “We are pleased […]
Statement of Secretary Steven T. Mnuchin Before the House Committee on Financial Services
June 30, 2020 Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to join you today to discuss how the Department of the Treasury and the Federal Reserve are working together to provide liquidity to credit markets, businesses, and households, as well as state and municipal governments. We remain committed to […]
Statement from Secretary Steven T. Mnuchin on the Primary Market Corporate Credit Facility
WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the launch of the Primary Market Corporate Credit Facility: “Since announcing the Primary and Secondary Market Corporate Credit Facilities (PMCCF and SMCCF) in late March, we have seen significant improvements in credit market liquidity. Investment-grade primary and secondary market spreads have tightened substantially […]