In a significant address on August 3, 2023, Eric Van Nostrand, Acting Assistant Secretary for Economic Policy, hailed the success of the price cap policy in countering Russia's aggression in Ukraine and promoting global economic stability.
The U.S. Treasury Department's Financial Literacy and Education Commission (FLEC) held a public meeting July 20 which focused on the financial literacy and educational needs of Tribal and Native communities.
Last week, the Department of the Treasury's OFAC issued a press release to announce the decision to impose sanctions on three Belgian and one Mexican nationals.
Last week, the U.S. Department of the Treasury's Office of Foreign Assets Control issued a press release announcing the decision to impose more sanctions on Russia for Ukraine aggression, aligned with G7 commitments.
Vice Chair Monica De La Cruz (TX-15) condemns ESG mandates as a tool of cancel culture and market distortion during a heated hearing on insurance and housing costs.
Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee (FSC), introduced two bills last month in response to FinCEN's recent rules update on reporting provisions of beneficial ownership information.
Federal Reserve Chair Jerome Powell said during a June 21 Congressional hearing that Federal Reserve officials consider stablecoins money and accordingly believe the Fed should have a central role in their regulation.
Patrick McHenry, chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Janet Yellen, chair of the Financial Stability Oversight Council (FSOC), in which McHenry invited Yellen to reconsider the FSOC’s decision to shift the focus from activities to size.
U.S. Sen. Tim Scott (R-S.C.) believes the United States needs to take a stronger stance against China, not only to make the U.S. economy stronger, but to put it in a better position to outcompete China.
Treasury Secretary Janet Yellen said she believes that there is a chance to bring down inflation while maintaining a strong labor market, she said during an interview with CNBC, which she shared on social media.
The U.S. Securities and Exchange Commission's former chief counsel criticized the commission's lawsuits against against major crypto exchanges Binance and Coinbase, calling the suits "regulation-by-enforcement."
US Treasury Secretary Janet L. Yellen has sent a letter to Congressional leaders urging them to act swiftly to raise or suspend the debt limit, warning that the Treasury's ability to finance government operations may be exhausted by early June.
Deputy Secretary of the Treasury Wally Adeyemo led a roundtable discussion on April 27 with nearly 40 small climate businesses and nonprofit developers in the clean energy industry to discuss the Low-Income Communities Bonus Credit Program.
The Financial Stability Oversight Council (FSOC) issued a proposed analytic agenda for financial stability risks to give the public an idea of how it processes threats to financial stability.
The U.S. Treasury Department recently released the 2023 De-risking Strategy, which addresses the phenomenon of financial institutions choosing to end relationships with broad groups of customers instead of analyzing the individual risks associated with those customers, a news release said.
U.S. Rep. Patrick McHenry (R-NC), chair of the Fnancial Services Committee, gave opening remarks at the committee began markup of capital formation and Consumer Financial Protection Bureau (CFPB) reform legislation, according to a news release.