Treasury Finalizes Agreements with Major Airlines, Disburses Initial Payroll Support Program Payments

WASHINGTON – Today the U.S. Department of the Treasury concluded Payroll Support Program agreements with Allegiant Air, American Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines, and United Airlines.   Alaska Airlines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, and SkyWest Airlines have also indicated that they plan to participate in the Payroll Support Program.   […]

Action Needed for Social Security Recipients with Dependents Who Do Not File Tax Returns to Receive $500 Per Child Payment

SSA, RRB recipients with eligible children need to act by Wednesday to quickly add money to their automatic Economic Impact Payment WASHINGTON—The U.S. Department of the Treasury and Internal Revenue Service today urge social security and railroad retirement recipients who have qualifying children and did not file a 2018 or 2019 tax return to go […]

Treasury and CBP Announce Deferment of Duties and Fees for Certain Importers During COVID-19 Response

WASHINGTON — On April 18, 2020, President Donald J. Trump signed an Executive Order authorizing the Secretary of the Treasury to provide relief to certain U.S. businesses, including critical supply chains for U.S. manufacturers, during the COVID-19 pandemic.    Pursuant to this authority, the Treasury Department and Customs and Border Protection today are issuing a […]

Statement from Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Success of the Paycheck Protection Program

WASHINGTON – Today, the U.S. Treasury Secretary Steven T. Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza issued the following statement regarding the success of the Paycheck Protection Program (PPP): “The Treasury Department and SBA launched the unprecedented Paycheck Protection Program in just one week.  Following its launch, the SBA processed more than 14 […]

Treasury Partners with Veterans Affairs to Deliver Economic Impact Payments to Veterans Automatically

WASHINGTON — The U.S. Department of the Treasury and IRS announced today that they are working directly with the U.S. Department of Veterans Affairs (VA) to ensure Veterans and their beneficiaries who receive Compensation and Pension (C&P) benefit payments will receive their Economic Impact Payments automatically and without additional paperwork. “Economic Impact Payments will be […]

Blake Paulson Named OCC’s Next Chief National Bank Examiner

News Release 2020-57 | April 16, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting announced that Blake Paulson would become the agency’s Chief National Bank Examiner at the end of the month. Mr. Paulson will add the title to his current role as Senior Deputy Comptroller for Midsize and Community Bank Supervision. In […]

U.S. Treasury Secretary Steven T. Mnuchin’s Joint IMFC and Development Committee Statement

WASHINGTON –The IMF and World Bank Spring Meetings provide an important opportunity to hold discussions on the acute challenges that the COVID-19 pandemic poses to the global economy. With global growth now projected to contract by close to three percent this year, it is critical that we all do our part to respond to the […]

Comptroller of the Currency Statement on FFIEC BSA/AML Manual

News Release 2020-55 | April 15, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the publication of the Federal Financial Institutions Examination Council (FFEIC) Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. Today, the FFIEC agencies published updates to the BSA/AML Examination Manual that represent a significant step […]

“Get My Payment” Web App Launched for Americans to Submit Direct Deposit Information and Track Payments

WASHINGTON— Today, on what would have been Tax Day, the U.S. Department of the Treasury and IRS launched the “Get My Payment” web application. The FREE app allows taxpayers who filed their tax return in 2018 or 2019 but did not provide their banking information on either return to submit direct deposit information.  Once they […]

Statement by Secretary Mnuchin and Administrator Carranza on the Paycheck Protection Program and Economic Injury Disaster Loan Program

WASHINGTON —Today, U.S. Treasury Secretary Steven T. Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza issued the following statement regarding the Paycheck Protection Program and Economic Injury Disaster Loan Program: “The SBA has processed more than 14 years’ worth of loans in less than 14 days.  The Paycheck Protection Program is saving millions of […]