Treasury Department

Mnuchin's late to the crypto regulation party

02/21/20

The Treasury secretary's statements are a sign that government agencies are still in the early stages of understanding this fundamentally new technology.

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GSEs may be freed with Treasury backstop, Mnuchin says

02/21/20

Fannie Mae and Freddie Mac are expected to retain “limited and tailored government support” after they are released from U.S. control, Treasury Secretary Steven Mnuchin said in a letter to lawmakers.

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Far from cheering CRA reform, CDFIs are worried

01/23/20

Community development financial institutions could stand to gain from efforts to modernize the Community Reinvestment Act, but they fear the proposal offered by regulators may end up draining their capital.

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Treasury renews Comerica contract for benefits program hit by fraud

01/07/20

Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.

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Senate Democrats demand more GSE reform details from FHFA

12/17/19

The lawmakers say they need more information about the administration’s plans in order to conduct proper oversight.

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Repo blowup was fueled by big banks and hedge funds, BIS Says

12/09/19

The market was upended because the largest banks hold more liquid assets in Treasuries than at the Fed, limiting their ability to supply repo funding on short notice, according to a new analysis from the Bank for International Settlements.

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Congress may need to step in on Libor switch, Mnuchin warns

12/05/19

The Treasury secretary suggested a role for lawmakers in containing any fallout with financial contracts stemming from the transition to a new interest rate benchmark.

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Regulators issue warning on growth of nonbank mortgage sector

12/04/19

A report from the Financial Stability Oversight Council cited a bigger share of originations and servicing by nonbanks as a potential vulnerability in the financial system.

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Dems' new tack on gun control: Make banks police sales

11/21/19

A recent bill would require banks to provide data on suspicious firearms transactions as part of anti-money laundering efforts.

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Fed's Powell says revamp of capital, liquidity rules not under consideration

10/30/19

Federal Reserve Chairman Jerome Powell said Wednesday that he does not think revamping capital or liquidity requirements is necessary despite recent volatility in the repurchase markets.

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