Treasury Department

The Department of the Treasury is an executive department and the treasury of the United States federal government.

Source: home.treasury.gov

Yellen: US Labor Market Has Become ‘More Normal’
Yellen: US Labor Market Has Become ‘More Normal’
June 13, 2024  |  Economy

America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling...

READ MORE >
Treasury Seeks Comments on ‘Responsible Innovation’ Using AI in Financial Services
Treasury Seeks Comments on ‘Responsible Innovation’ Using AI in Financial Services
June 06, 2024  |  artificial intelligence

The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a...

READ MORE >
Treasury Secretary Janet Yellen to Detail Risks Associated With AI
Treasury Secretary Janet Yellen to Detail Risks Associated With AI
June 05, 2024  |  artificial intelligence

Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). While AI is...

READ MORE >
Treasury: NFTs ‘Highly Susceptible’ to Fraud and Scams
Treasury: NFTs ‘Highly Susceptible’ to Fraud and Scams
May 30, 2024  |  Cryptocurrency

The Treasury Department has a warning for NFT fans: use them at your own risk. The department released an assessment Wednesday (May 29) finding that non-fungible tokens (NFTs) —...

READ MORE >
Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance
Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance
May 16, 2024  |  AML

The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to...

READ MORE >
Small Businesses Owe $59 Billion From COVID Disaster Loans
Small Businesses Owe $59 Billion From COVID Disaster Loans
May 02, 2024  |  Loans

The Small Business Administration (SBA) loaned out $390 billion to keep companies afloat during COVID. Now, many of those small businesses say they are struggling to pay back...

READ MORE >
Treasury Asks Congress for Stronger Crypto Sanction Powers
Treasury Asks Congress for Stronger Crypto Sanction Powers
April 09, 2024  |  Cryptocurrency

The U.S. Treasury Department wants more tools to curb terror financing. Deputy Secretary Adewale O. Adeyemo is due to testify before the Senate Banking Committee Tuesday (April...

READ MORE >
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024  |  Security & Fraud

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities...

READ MORE >
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
January 17, 2024  |  Taxes

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. The agencies...

READ MORE >