News Release 2020-9 | January 29, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today testified during a hearing held by the House Financial Services Committee. The Comptroller’s testimony discussed efforts to strengthen and modernize Community Reinvestment Act regulations, the condition of the federal banking system, the agency’s diversity and inclusion programs, and […]
Category Archives: U.S. Treasury
Treasury Sanctions Illegitimate Russian-Backed Crimean Officials and Railroad Company Linking Crimea to Russia
OFAC takes action in partnership with Canada and the EU WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated eight individuals and one entity in response to Russia’s continued aggression toward Ukraine and attempted occupation of Crimea. Seven of these individuals were also designated yesterday by the European […]
OCC Hosts Risk Governance and Compliance Workshops in Washington, D.C.
News Release 2020-8 | January 28, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops at OCC Headquarters in Washington, D.C., March 17 and 18, for directors of national community banks and federal savings associations supervised by the OCC. The Risk Governance workshop on March 17 […]
Secretary Mnuchin Statement on President Trump’s Vision for Peace
Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the release of President Trump’s Vision for Peace: “The announcement of President Trump’s Vision for Peace is a historic step towards a more secure and prosperous future for both Israelis and Palestinians. This plan envisions an unprecedented mutual respect for sovereignty, […]
OCC Hosts Credit Risk and Operational Risk Workshops in New Orleans
News Release 2020-7 | January 27, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency will host two workshops at the Embassy Suites by Hilton in New Orleans, March 3-4, for directors of national community banks and federal savings associations supervised by the OCC. The Credit Risk workshop on March 3 […]
Statement of Secretary Steven T. Mnuchin on the 75th Anniversary of the Liberation of Auschwitz
“Today, I was honored to represent President Trump as I led the United States Delegation attending the 75th Anniversary of the Liberation of Auschwitz on this International Holocaust Remembrance Day. I was proud to deliver the President’s Proclamation marking this solemn day to President Andrej Duda, and I want to thank him, the Republic of Poland, and the Auschwitz-Birkenau State Museum for bringing together Holocaust survivors, […]
Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with Chancellor of the Exchequer Sajid Javid, of the United Kingdom
London – U.S. Treasury Secretary Steven T. Mnuchin met with Chancellor of the Exchequer Sajid Javid, of the United Kingdom (U.K.). The Secretary and Chancellor underscored the importance of the special relationship between the U.S. and the U.K., and discussed a range of topics including trade, Brexit, international taxes, and sanctions. #### Related posts: Mnuchin […]
OCC Issues Notice of Charges Against Five Former Senior Wells Fargo Bank Executives, Announces Settlement With Others
News Release 2020-6 | January 23, 2020 Share This Page: WASHINGTON – The Office of the Comptroller of the Currency (OCC) today issued a notice of charges against five former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, and announced settlements with the bank’s former Chief Executive Officer (CEO) and other members of […]
Treasury Targets International Network Supporting Iran’s Petrochemical and Petroleum Industries
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against four international petrochemical and petroleum companies that have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), an entity instrumental in Iran’s petroleum and petrochemical industries, […]
OCC Fines Citibank More Than $17 Million for Violating the Flood Disaster Protection Act
News Release 2020-5 | January 21, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $17,998,510 civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violating the Flood Disaster Protection Act of 1973 (FDPA) and its implementing regulations. The OCC found the bank engaged in a […]