Treasury Department

Senate Democrats demand more GSE reform details from FHFA


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


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


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.


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


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.


Regulators issue warning on growth of nonbank mortgage sector


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.


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


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


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


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.


Trump administration wants Supreme Court to back GSE profit sweep


A lower court “erred” when it sided with Fannie Mae and Freddie Mac’s investors, the Justice Department said in its petition to the high court.


Warren steps into repo turmoil, asks Mnuchin for answers


The Massachusetts senator and presidential candidate warned the Treasury secretary not to use the incident as a rationale for weakening regulations.


Crypto firms can't skirt AML compliance: Fincen chief


Kenneth Blanco's tough comments appeared to target payments providers that offer their users anonymity.


Fannie and Freddie get to keep their earnings. Now what?


Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.