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14 Oct 2019, 3:06 pm by Howard S. Altarescu
Department of the Treasury issued proposed regulations that provide guidance on the transition from LIBOR. [read post]
It is also considering central bank digital currencies separately from the wider cryptoasset market, like the government and Bank of England. [read post]
31 Dec 2008, 8:05 pm
HAPPY NEW YEAR: “Massive rescue efforts by the US government and central bank in recent months helped avert a ‘financial collapse’ and are working to stabilize the economy, a Treasury report said Wednesday. [read post]
23 Jan 2011, 10:18 am by James Hamilton
The Bureau implementation team also plans to include an Office of Small Business and Community Banks within the Bureau’s organizational structure.Section 1066 of Dodd-Frank authorizes Treasury to perform the functions of the Bureau until the first Director of the Bureau is nominated by the President and confirmed by the Senate; and Treasury may provide administrative services before the designated transfer date, which Secretary Tim Geithner has set as July 21, 2011. [read post]
27 Jan 2009, 5:22 am
Geithner Promises Congress to Review IRS Ruling 2008-83 Favoring Bank AcquisitionsAt his Senate confirmation hearings, Treasury Secretary Tim Geithner acknowledged that IRS Ruling 2008-83 favoring bank acquisitions raised complex issues about Treasury's authority and differential treatment of the financial services industry. [read post]
1 Feb 2023, 5:11 am by Ingrid (Wuerth) Brunk
Those judgments are not against Afghanistan nor against its central bank. [read post]
12 Oct 2009, 12:47 pm
Figures for lenders with more than 70,000 potentially eligible borrowers: Saxon Mortgage Services 41% CitiMortgage 33% Aurora Loan Services 33% JP Morgan Chase 27% GMAC Mortgage 26% Wells Fargo 20% Bank of America 11% OneWest Bank 5% Wachovia Mortgage 3% Litton Loan Servicing 2% American Home Mortgage Servicing Background on the Making Home Affordable program, including monthly lender data from July and August, is available on the Treasury Department website. [read post]
11 Jan 2018, 9:35 am by Matthew D. Lee
Reuters is reporting today that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) was caught off guard by Attorney General Jeff Sessions’ announcement last week that the Justice Department was reversing its policy regarding enforcement of federal marijuana laws. [read post]
4 Feb 2014, 12:30 pm by James Hamilton
Senator Mike Crapo (R-ID), Ranking Member on the Banking Committee, is concerned that the asset management study conducted by the Office of Financial Research was a flawed effort that failed to take into account the perspectives of and data from the SEC and market participants. [read post]
10 Feb 2014, 11:08 am by James Hamilton
Senator Mike Crapo (R-ID), Ranking Member on the Banking Committee, is concerned that the asset management study conducted by the Office of Financial Research was a flawed effort that failed to take into account the perspectives of and data from the SEC and market participants. [read post]
10 Jun 2014, 6:49 am by James Hamilton
Senator Mike Crapo (R-ID), Ranking Member on the Banking Committee, is concerned that the asset management study conducted by the Office of Financial Research was a flawed effort that failed to take into account the perspectives of and data from the SEC and market participants. [read post]
The following bullets briefly summarize the provisions of Treasury’s proposal, which takes the form of new sections 13 and 13a of the Bank Holding Company Act of 1956. [read post]
11 Nov 2008, 5:48 pm
French Central Bank Head Calls for Macro Prudential Regulation and Securitization ReformEchoing the call of the US Treasury blueprint and other policy makers, French central bank governor Christian Noyer said that macro prudential must be an essential component of reforming financial regulation. [read post]
6 Mar 2009, 11:41 am
The news shook us like a thunderclap: banking-lawyer-extraordinaire H. [read post]