Businesses and tax-exempt organizations with less than 500 employees — including banks and credit unions — can receive a tax credit toward Medicare taxes they pay for providing paid time off for each employee receiving […]
Leveraging finance and financial risk mitigation to confront climate change challenges is the aim of a new climate policy strategy announced by the Treasury Department Monday, which also includes a “climate hub” and climate counselor. […]
A current Treasury official will head up the agency’s financial crimes enforcement unit on an acting basis once the incumbent director leaves office April 9, the agency said Friday. The Treasury Department said Michael Mosier, […]
The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]
Nellie Liang – a nominee for the Federal Reserve Board in 2018 (but whose nomination was never considered by the Senate Banking Committee, let alone the full Senate) – will be nominated as Treasury undersecretary […]
Work should continue to improve the speed and efficiency of payments systems as the world grapples with the outcome of the coronavirus crisis, which moved many to work and conduct commerce online, according to a […]
The 20-member Financial Literacy and Education Commission (FLEC), chaired by the Treasury secretary and including the heads of financial institution regulatory agencies and others, is set to hold an open meeting virtually Oct. 6 to […]
Assisting U.S. individuals and businesses in efforts to combat the increasing incidence of ransomware scams and attacks is the aim of a pair of advisories issued Thursday by the Treasury Department. The advisories were released […]
Recommendations that the Treasury Department track and prioritize the financial services sector’s cyber risk-mitigation efforts and update the sector-specific plan to include specific metrics to measure progress are provided in a report released Thursday by […]
Federal financial institution regulators should continue to monitor the impact on regulatory capital of new accounting rules on current expected credit losses (CECL) – but, to date, those rules do not seem to have an […]
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