Treasury Department

A comeback for a crisis-era small business loan program?

03/23/20

Some industry observers are calling on the Treasury Department to bring back the Small Business Lending Fund to help small companies stay afloat during the coronavirus pandemic and get back on their feet once the crisis passes.

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Fed starts emergency program to aid money market mutual funds

03/19/20

The Money Market Mutual Fund Liquidity Facility, established under the central bank’s emergency authority, echoes a version that was set up during the global financial crisis.

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Fed announces launch of second facility to support credit markets

03/17/20

The establishment of the Primary Dealer Credit Facility is among a flurry of recent actions by the central bank to limit the economic impact of the coronavirus.

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Fed to create emergency backstop for commercial debt market

03/17/20

The central bank said it was establishing the Commercial Paper Funding Facility to "support the flow of credit to households and businesses."

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Fed slashes rate, announces new measures to encourage bank lending

03/15/20

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

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How Citi is helping a minority-owned bank get back on its feet

03/06/20

Unity National Bank of Houston, which has reported losses three straight years, is receiving guidance and resources from Citigroup through a Treasury mentoring program.

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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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