The Financial Research Advisory Committee for the Treasury’s Office of Financial Research (OFR) will hold its 12th meeting on Thursday, July 26, beginning at 1 p.m. ET (revised from 11 a.m.). The meeting will be […]
The Treasury secretary has been tasked by the White House to develop recommendations for a revamp of the government’s financial literacy education efforts and to share those recommendations with the Office of Management and Budget […]
A report Tuesday from the Treasury Department points to the elimination or proposed elimination, and reduction, of more than 300 rules since the department commenced work to implement the president’s regulatory reform agenda as detailed in […]
Compliance dates would be extended by up to nine months for a regulation applying qualified financial contract (“QFC”) recordkeeping requirements related to orderly liquidation authority (OLA), under a Treasury Department notice of a final rule […]
Components of the “Troubled Asset Relief Program” (TARP) – adopted in 2008 to battle the effects on the banking system of a collapsing subprime housing market – will be wound down under a Treasury proposal […]
Recommendations to reform the Community Reinvestment Act (CRA) were released by the Treasury Department Tuesday, with an aim to “better align CRA activity with the needs of the communities that banks serve, while being conducted […]
Treasury should assess whether shifts in remittance flows to non-banking channels for “fragile countries” may affect the department’s ability to monitor for financial crimes and, if necessary, identify corrective actions, according to a report issued […]
A new chapter in the bankruptcy code for distressed financial companies would be a “more effective option” than existing requirements for “orderly liquidation authority (OLA),” the Treasury Department recommended Wednesday. In a report to President […]
Reducing the vulnerabilities and impact of successful exploitation of the financial sector’s cybersecurity infrastructure, primarily by acceding to the private sector and trading compliance for a greater investment in security, are central tenets of the […]
Noting that it is committed to “rolling back the regulatory excesses” of financial institution rule reform adopted in the wake of the Great Recession, the Trump Administration’s 2019 proposed budget recommends subjecting funding for two […]
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