WASHINGTON – Today, U.S. Treasury Under Secretary for International Affairs Brent McIntosh held a call with his counterparts from Canada, the European Commission, France, Germany, Italy, Japan, and the United Kingdom to discuss COVID-19. The G7 is in regular contact and committed to continued international cooperation to address the global health and economic impacts of […]
Category Archives: U.S. Treasury
Statement of Secretary Steven T. Mnuchin Before the U.S. House Appropriations Subcommittee on State, Foreign Operations, and Related Programs
Chairwoman Lowey, Ranking Member Rogers, 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, through the White House Coronavirus Task Force, is taking decisive action to address risks […]
Treasury Sanctions Businesses Linked to Mexican Cartels
Treasury action taken in coordination with DEA operation Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated four Mexican businesses pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) because of their links to the Cartel de Jalisco Nueva Generacion (CJNG) and the Los Cuinis Drug Trafficking […]
Treasury Sanctions Two Individuals for Human Rights Abuse in Zimbabwe
Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated Anselem Sanyatwe (Sanyatwe) and Owen Ncube (Ncube) for their involvement in human rights abuses including directing an attack on peaceful demonstrators and political opponents in Zimbabwe. OFAC is concurrently removing sanctions on Ray Kaukonde, Shuvai Ben Mahofa, Sithokozile Mathuthu, […]
Readout of Call of President’s Working Group on Financial Markets
WASHINGTON – Today, U.S. Treasury Secretary Steven T. Mnuchin convened a call of the President’s Working Group on Financial Markets to discuss recent market conditions and activity. The group shared updates on the resilience of the markets and the economic impact of COVID-19. This group includes a subset of the full FSOC. Participants on the […]
Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus
News Release 2020-30 | March 9, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of Comptroller of the CurrencyConference of State Bank Supervisors Federal financial institution regulators and state regulators today encouraged financial institutions to meet the financial needs of customers […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s Meeting with Ambassador of the Russian Federation to the United States Anatoly Antonov
WASHINGTON – Today, U.S. Treasury Secretary Steven T. Mnuchin met with Ambassador of the Russian Federation to the United States Anatoly Antonov. They discussed compliance with sanctions programs, Venezuelan economic conditions, and the potential for trade and investment. Secretary Mnuchin emphasized the importance of orderly energy markets. #### Related posts: Readout from a Treasury Spokesperson […]
Comptroller of the Currency Tours Memphis to Discuss Community Reinvestment
News Release 2020-29 | March 6, 2020 Share This Page: MEMPHIS, Tenn. — Comptroller of the Currency Joseph Otting and Operation HOPE Founder, Chairman, and Chief Executive Officer John Hope Bryant today led a community tour of Memphis to highlight successful examples of and opportunities for financing community reinvestment, economic revitalization, and financial empowerment. The community […]
OCC Requests Comments on Proposals to Eliminate Unnecessary Licensing Requirements
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 […]
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 […]