Treasury Department

FSOC to detail new approach to nonbank supervision: Treasury official

09/12/18

Dodd-Frank authorized the council to designate specific nonbanks for tougher supervision, but the Trump administration has signaled support for "activities-based" designations.

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FSOC removes Zions' systemic risk label

09/12/18

The interagency council voted in favor of the bank's application to remove its designation, though the practical effect of the decision is muted by the regulatory relief law passed this spring.

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State regulators renew push to block OCC's fintech charter

09/12/18

State regulators said Wednesday they will refile a lawsuit against the OCC, attempting to block the agency's new federal bank charter for fintechs.

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Closing the digital mortgage gap

09/11/18

Early adopters took digital mortgages from concept to reality. What will it take for everyone else to catch up?

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Treasury, FHFA chiefs are preparing for Freddie CEO's exit

09/05/18

The Treasury Department and a key housing regulator are preparing to fill a second possible vacancy atop a U.S.-controlled mortgage giant, a move that could strengthen the Trump administration's hand in addressing unfinished business from the 2008 credit crisis.

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Will federal control of Fannie and Freddie ever end?

09/03/18

Maybe political winds or another downturn will spark housing finance reform. But 10 years after the conservatorships began, the companies are still in perpetual limbo.

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Is the OCC becoming a ‘lone wolf’ on bank policy?

08/31/18

The agency is seeking public comment on how to reform the Community Reinvestment Act — a big step forward without the Fed or the FDIC on board.

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Comerica scrambles to address fraud in prepaid benefits program

08/26/18

The Texas bank, which partners with the U.S. Treasury to dispense federal benefits via prepaid cards, is alleged to have dropped the ball as hundreds of cardholders say their money was forwarded to fraudsters posing as them.

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OCC’s fintech charter is a mistake

08/10/18

The agency’s move to offer a national charter for fintech firms will undermine state authority and give certain firms an unfair advantage.

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Treasury clarifies beneficial tax treatment for S Corp banks

08/09/18

The Treasury Department and the Internal Revenue Service issued a proposal that would allow pass-through businesses like Subchapter S banks to deduct 20% of their business income as part of the new tax law President Trump signed last year.

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