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Treasury Department withdraws from climate group
The Treasury Department announced it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which focuses on climate risk management.
ICBA Statement on Janet Yellen's Treasury Secretary Nomination
ICBA Statement on Janet Yellen's Treasury Secretary Nomination Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on Janet Yellen's nomination for...
ICBA: Community Banks Remain Healthy and Vibrant
Independent Community Bankers of America President and CEO Rebeca Romero Rainey today issued the following statement on today’s remarks from Treasury Secretary Janet Yellen.
Treasury announces Emergency Capital Investment Program recipients
The Treasury Department announced that it has made over $8.28 billion of investments in 162 community financial institutions across the country through the Emergency Capital Investment Program.
Treasury plans EIP outreach for unserved households
Treasury plans EIP outreach for unserved households The Treasury Department announced plans to help the up to 8 million households that have not yet been able to access either round of Economic...
Yellen nominated for Treasury secretary
Yellen nominated for Treasury secretary ICBA congratulated Janet Yellen on her nomination to serve as the next Treasury secretary. In a statement, ICBA President and CEO Rebeca Romero Rainey said...
Biden names acting agency heads
Biden names acting agency heads President Joe Biden named agency heads serving in an acting capacity until permanent leadership is confirmed by the Senate. President Joe Biden named agency heads...
ICBA, Groups to Congress: CDFI Fund Proposal Would Harm Local Communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would irreversibly harm access to services provided by Community Development...
ICBA to Congress: CDFI Fund proposal would harm communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would reduce access to services provided by Community Development Financial...
Senators echo concerns with CDFI application change
Senate Banking Committee members Mark Warner (D-Va.) and Mike Crapo (R-Idaho) encouraged the Treasury Department to consider all comments responding to its proposal to revise Community Development...
ICBA, state groups meet with Treasury on key issues
ICBA and affiliated state community banking associations met this week with Treasury Department officials to discuss BSA/AML compliance, Corporate Transparency Act implementation, and other issues.
Final rule on Treasury check liability will not mandate verification system
The Treasury Department’s Bureau of Fiscal Service issued a final rule governing the payments of Treasury checks.
Treasury pledges to continue cracking down on crypto terrorist-financing
The Treasury Department pledged to continue targeting the use of crypto-assets to finance terrorism amid increased scrutiny in the wake of Hamas’ attack on Israel.
ICBA urges agency collaboration to support underserved communities
ICBA encouraged the Treasury Department’s newly formed Interagency Community Investment Committee to promote agency collaboration as it works to support access to affordable capital and financial...
Treasury issues advisory on AI-enabled holiday scams
The Treasury Department’s Office of Cybersecurity and Critical Infrastructure Protection released an advisory highlighting tips consumers can take to avoid becoming the victim of cyber or online...
House hearings this week on Treasury markets, U.S. dollar
Both chambers of Congress are in session this week. The House Financial Services Committee has two hearings scheduled.
ICBA: Agencies don’t need specific regulations on AI
ICBA said the Treasury Department and federal banking agencies do not need to issue specific regulations to govern artificial intelligence usage because overly prescriptive regulations may stifle...
Treasury seeks input on national financial inclusion strategy
The Treasury Department requested input on its planned development of a national strategy for financial inclusion.
Treasury spotlights AI risks for financial sector
The Treasury Department issued a report on how the financial services sector can manage cybersecurity risks posed by artificial intelligence technologies.
Treasury sanctions Cambodian scam centers
The Treasury Department sanctioned Cambodian businessman Ly Yong Phat, L.Y.P. Group Co., and O‑Smach Resort for their role in human rights abuse related to the treatment of trafficked workers...