News Release 2020-28 | March 5, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a proposal for public comment to update and clarify licensing policies and procedures and eliminate unnecessary requirements consistent with safe, sound, and fair operation of the federal banking system. The proposal would make various changes […]
Category Archives: U.S. Treasury
2020 National Interagency Community Reinvestment Conference March 9-12 in Denver is Postponed
News Release 2020-27 | March 5, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of Comptroller of the Currency After careful consideration of the growing public health concerns associated with the coronavirus (COVID-19), the organizing sponsors of the 2020 National Interagency Community Reinvestment Conference (NICRC), scheduled March […]
Comptroller of the Currency Statement on the House Financial Services Committee’s Report on Wells Fargo
News Release 2020-26 | March 5, 2020 Share This Page: WASHINGTON — Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the recent House Financial Services Committee’s report on Wells Fargo. The Office of the Comptroller of the Currency shares the House Financial Services Committee’s commitment to ensuring all banks operate in […]
Treasury Sanctions Nicaraguan National Police and Police Commissioners Involved in Human Rights Abuse
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated the Nicaraguan National Police (NNP), the primary law enforcement entity in Nicaragua, for its role in serious human rights abuse in Nicaragua. Additionally, OFAC designated three NNP commissioners, Juan Antonio Valle Valle, Luis Alberto Perez Olivas, and Justo Pastor […]
Statement of Secretary Steven T. Mnuchin Before the U.S. House Appropriations Subcommittee on Financial Services and General Government
Chairman Quigley, Ranking Member Graves, and members of the Subcommittee, I am pleased to be with you today to discuss the President’s Fiscal Year (FY) 2021 Budget and the Treasury Department’s top priorities. I first want to note that the Administration is closely monitoring the coronavirus and its effects on public health, as well as […]
OCC Releases CRA Evaluations for 19 National Banks and Federal Savings Associations
News Release 2020-25 | March 3, 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 February 1, 2020 through February 29, 2020. The list contains only national banks, federal savings associations, and […]
Comptroller of the Currency Marks the 155th Anniversary of the Freedman’s Savings and Trust Company
News Release 2020-24 | March 3, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today joined Secretary of the Treasury Steven T. Mnuchin and other federal officials to commemorate the 155th anniversary of the Freedman’s Savings and Trust Company’s charter. The Freedman’s Savings and Trust Company, commonly referred to as the Freedman’s Bank, […]
Statement of Secretary Steven T. Mnuchin Before the U.S. House Ways and Means Committee
Chairman Neal, Ranking Member Brady, and members of the Committee, I am pleased to be with you today to discuss the President’s Fiscal Year (FY) 2021 Budget and the Treasury Department’s top priorities. I first want to note that the Administration is closely monitoring the coronavirus and its effects on public health, as well as […]
Remarks by Acting Assistant Secretary for International Markets Mitchell A. Silk at the Fourth Annual Conference on Fintech and Digital Innovation
As prepared for delivery: March 3, 2020 Brussels, Belgium The Importance of Financial Innovation to Economic Growth and Financial Stability Thank you to Nick and Afore for putting together today’s impressive program. It is so great to see many old friends and also to spend time with many of you who are quickly becoming new […]
Statement of G7 Finance Ministers and Central Bank Governors
U.S. Treasury Secretary Steven T. Mnuchin and Federal Reserve Chair Jerome H. Powell led a call with the G7 Finance Ministers and Central Bank Governors to discuss the coronavirus disease 2019. At the conclusion of their meeting, they issued the following joint statement: Washington – “We, G7 Finance Ministers and Central Bank Governors, are closely […]