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Treasury's official blog, featuring blog posts from Treasury's senior officials and staff sharing news, announcements and information about the work done at the Treasury Department.

SBLF Helps Lenders Increase Small Business Loans by $14 Billion

By: Jessica Milano
Thursday, January 08, 2015

​The Treasury Department released a new report this week showing that participants in the Small Business Lending Fund (SBLF) program increased small business lending nationwide by $14.3 billion, a 45 percent increase over baseline lending levels. More than 90 percent of participating community banks reported stronger small business lending as a result of the program. These increased levels of lending provide small businesses with the resources they need to start and grow their businesses and contribute to local economic growth.
Posted in: Small Business Lending Fund

Nationwide Release of the BEP’s U.S. Currency Reader Program to Help the Blind and Visually Impaired

By: Rosie Rios
Tuesday, January 06, 2015

The Department of the Treasury’s Bureau of Engraving and Printing (BEP) is now accepting and processing applications nationwide from blind or visually impaired individuals who wish to receive a currency reader to denominate U.S. currency. Under the U.S. Currency Reader Program, U.S. citizens or persons legally residing in the U.S. and its territories who are blind or visually impaired can obtain a currency reader device at no cost. The currency reader, known as the iBill® Talking Banknote Identifier, is compact in size, easy to use, and provides a response within just a few seconds. A user simply inserts a Federal Reserve note into the device, presses a button on the side, and the reader identifies the denomination. The device operates on a standard AAA battery and can read U.S. currency in circulation today. The reader can be set to indicate the note’s denomination by voice, a pattern of tones or series of vibrations.
Posted in: BEP

Recordkeeping Requirements Proposed

By: Suzanne Elio
Tuesday, January 06, 2015

​Treasury has published a notice of proposed rulemaking for Qualified Financial Contracts (QFCs) recordkeeping, which would require certain financial companies to maintain standardized records of contracts such as swap agreements and repurchase agreements. The proposed rule implements a portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) meant to support the FDIC’s orderly liquidation authority (OLA), which could be used to help prevent the failure of a complex financial company from threatening U.S. financial stability.
Posted in: Dodd-Frank

Treasury Welcomes Stakeholder Engagement on Financial Access for Money Services Businesses

By: Hagar Chemali
Tuesday, December 30, 2014

Next month, Treasury will host a roundtable to discuss issues surrounding financial access for money services business (MSBs) and to hear related feedback from industry.
Posted in: Category 1

Year In Review: The Office of Financial Research

By: Barbara Shycoff
Tuesday, December 30, 2014

The Office of Financial Research (OFR) capped a year of progress in promoting financial stability a few weeks ago by releasing its 2014 Annual Report to Congress, a publication that highlights our important work.
Posted in: Category 1

Treasury Finalizes Patient Protection Regulations for Tax-Exempt Hospitals

By: Emily McMahon
Monday, December 29, 2014

​Charitable hospitals represent more than half of the nation’s hospitals and play a key role in improving the health of the communities they serve. But reports that some charitable hospitals have used aggressive debt collection practices, including allowing debt collectors to pursue collections in emergency rooms, have highlighted the need for clear rules to protect patients.
Posted in: Category 1

Year in Review: U.S. Progress with G-20 Partners on Key Global Economic Priorities

By: Holly Shulman
Tuesday, December 23, 2014

​​The G-20, a forum comprised of the world's largest economies, has made important progress in 2014 on key issues that affect both the U.S. and global economy. The G-20’s work this year culminated in the Leaders’ Summit in Brisbane, Australia, which convened heads of state from around the world to coordinate on policies designed to help promote global economic stability and sustainable growth.
Posted in: Category 1

Giving Back to Communities

By: Annie Donovan
Tuesday, December 23, 2014

The holiday season is an important time to give back to our communities and lend a helping hand to those who are striving to get through tough times. Yesterday, my fellow Treasury Department officials and I did just that. Secretary Lew, Deputy Assistant Secretary Jessica Milano, and I served breakfast at So Others Might Eat (SOME), a Washington, D.C. based organization helping individuals and families in need. Volunteering at SOME allowed us to see first-hand how organizations like this touch people’s lives. It also provided us a glimpse of how the Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) is supporting services where they are needed the most.
Posted in: CDFI Fund

Treasury’s Increasing Focus on Student Loans

By: Adam Hodge
Monday, December 22, 2014

​The Treasury Department is increasingly focused on student loans and improving outcomes for borrowers, given the role student loans have on the federal government’s finances and the strength of the American economy.  In three sets of remarks this year, Treasury Deputy Secretary Sarah Bloom Raskin highlighted the recent growth in outstanding student loans, the potential impact this may have on the economy, and the need to continue driving improvements in the servicing and collections of these loans for the benefit of borrowers.
Posted in: Student Loans

A Review of Treasury’s Efforts to Combat Corruption on World Anti-Corruption Day

By: David S. Cohen
Tuesday, December 09, 2014

​​December 9th marks World Anti-Corruption Day, a day that draws attention to the ongoing threat of corruption and to the many ways we are working to combat it.
Posted in: Category 1
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Secretary Jacob J. Lew discussed “The New 10” announcement and putting a woman on currency with historian Doris Kearns Goodwin on Thursday, July 3...

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