By: Daniel L. Glaser
Wednesday, October 08, 2014
Each year millions of Americans use money services businesses (MSBs) to pay bills, cash checks, exchange currency, and send funds to family members and friends. Both domestically and abroad, money transmitters, one type of MSB, also serve the unbanked and under-banked. Ensuring that money transmitters continue to be able to send funds through legitimate and transparent channels requires an approach that balances the complementary goals of financial inclusion and financial transparency.
Posted in: Category 1
By: Betsy Bourassa
Tuesday, October 07, 2014
Ahead of the 2014 Annual Meetings of the International Monetary Fund and World Bank Group, Secretary Lew participated in a moderated conversation with New York Times editorial writer Vikas Bajaj on the state of the global economy. The Secretary, speaking at the Peterson Institute for International Economics in Washington, D.C., addressed a spectrum of issues, including growing the global economy, infrastructure investment, business tax inversions, and sanctions.
Posted in: International Affairs
By: Melissa Koide
Thursday, October 02, 2014
Treasury today announced contracts for 11 research projects under the Financial Empowerment Innovation Fund. These projects will develop, test, and evaluate new ways to assist more Americans with financial options and help bring safe and affordable financial services to more families.
Posted in: Consumer Policy
By: Jonathan Greenblatt
Wednesday, October 01, 2014
For two decades, the Community Development Financial Institutions Fund (CDFI Fund) has been an important element of an economic strategy designed to create opportunity for all and strengthen communities by increasing access to capital. Today, the Obama administration celebrated its 20th anniversary by convening government officials, business executives, and community leaders at the Treasury Department to mark the achievements of the CDFI Fund and to look at the prospects for its continued success.
Posted in: Community Development Financial Institutions Fund (CDFI Fund)
By: Holly Shulman
Tuesday, September 30, 2014
Assistant Secretary Marisa Lago, accompanied by Deputy Assistant Secretary for Terrorist Financing Jennifer Fowler and Deputy Assistant Secretary for the Western Hemisphere Michael Kaplan, traveled to Guatemala, Honduras and El Salvador earlier this month to meet with government officials, non-governmental organizations, local entrepreneurs, representatives from the World Bank and Inter-American Development Bank (IDB),
Posted in: International Affairs
By: Suzanne Elio
Friday, September 26, 2014
Among the authorities granted to the Financial Stability Oversight Council, one of its most frequently discussed is its ability to designate nonbank financial companies for heightened supervision – namely, enhanced prudential standards and consolidated oversight by the Federal Reserve. This authority, which was created under Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is an important tool that allows the Council to address threats that certain large, complex, interconnected nonbank financial companies could pose to financial stability.
Posted in: FSOC
By: Anthony Reyes
Monday, September 15, 2014
Twenty years ago, Secretary Lew was serving as a Special Assistant to President Clinton and General Counsel of the Office of National Service when he was charged with creating and implementing a new federal initiative that would inspire young Americans to give back to their country through community service.
Posted in: AmeriCorps
By: David A. Lebryk
Friday, September 12, 2014
Each year, the Treasury Department disburses billions of payments, including payments to federal benefit recipients. Millions of Americans rely on these payments, often for the most basic of needs like housing, food, and medical expenses.
Posted in: Bureau of Fiscal Service
By: Anthony Foxx, U.S. Secretary of Transportation
Thursday, September 11, 2014
Since his first day in office, President Obama has understood the importance of rolling back this infrastructure deficit, and investing in transportation has been a cornerstone of his economic policies.
Posted in: Infrastructure Investment
By: David S. Cohen
Wednesday, September 10, 2014
Tonight, President Obama will outline a comprehensive strategy to degrade, dismantle and ultimately defeat the Islamic State of Iraq and the Levant (ISIL). As part of this strategy, the U.S. Department of the Treasury will intensify our efforts to undermine ISIL’s finances.
Posted in: Terrorism and Financial Intelligence