The Department of the Treasury is seeking expanded powers to combat the use of digital assets in illicit finance. The department provided Congress with recommendations Tuesday (Nov. 28) to expand its authorities to go after illicit actors in the digital asset space, Deputy Treasury Secretary...
The Department of the Treasury has named Andrea Gacki as the new director of the Financial Crimes Enforcement Network (FinCEN). As the current director of the Office of Foreign Assets Control (OFAC), Gacki has a track record of leading the U.S. government’s implementation and enforcement of economic sanctions, the Treasury Department...
Three federal agencies have launched an inquiry into “high-cost specialty financial products” used to pay for routine medical care. The inquiry will include medical credit cards and installment loans, the Consumer Financial Protection Bureau (CFPB), Department of Health and Human Services (HHS) and Department of the Treasury said in a Friday (July 7)...
There may be more bank mergers on the way. Treasury Secretary Janet Yellen told bank executives Thursday (May 18) that the industry may need more mergers, CNN reported Friday (May 19), citing unnamed sources. The report noted that the Treasury Department’s readout of the meeting, which included board members of...
July 17, 2024
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption […]
November 29, 2023
The Department of the Treasury is seeking expanded powers to combat the use of digital assets in illicit finance. The department provided Congress with recommendations Tuesday (Nov. 28) to expand its authorities to go after illicit actors in the digital asset space, Deputy Treasury Secretary Wally Adeyemo said in prepared remarks Wednesday (Nov. 29) at […]
July 13, 2023
The Department of the Treasury has named Andrea Gacki as the new director of the Financial Crimes Enforcement Network (FinCEN). As the current director of the Office of Foreign Assets Control (OFAC), Gacki has a track...
July 07, 2023
Three federal agencies have launched an inquiry into “high-cost specialty financial products” used to pay for routine medical care. The inquiry will include medical credit cards and installment loans, the Consumer Financial Protection...
May 19, 2023
There may be more bank mergers on the way. Treasury Secretary Janet Yellen told bank executives Thursday (May 18) that the industry may need more mergers, CNN reported Friday (May 19), citing unnamed...
