By: Adam Hodge
Tuesday, September 15, 2015
Seven years ago today, Lehman Brothers filed for bankruptcy. The bankruptcy — the largest in U.S. history — was catastrophic for the firm’s shareholders, creditors, counterparties, and employees.
Posted in: Financial Reform
By: Louisa Quittman
Monday, September 14, 2015
September is National Preparedness Month, and it is an opportunity for Americans to assess how prepared they are to face natural disasters like fires, floods, hurricanes, and earthquakes.
Posted in: Financial Education
By: Dan Watson
Thursday, September 10, 2015
Today, Secretary Lew sent the following letter to Congress regarding the debt limit.
Posted in: Debt Limit
By: Jamie Obal
Tuesday, September 01, 2015
Yesterday, Adam Szubin, Acting Under Secretary for Terrorism and Financial Intelligence, concluded his visit to Israel, where he met with senior Israeli government officials and thought leaders to discuss the Joint Comprehensive Plan of Action (JCPOA) as well as our shared efforts to counter Iran’s support for terrorism, its missile program, and other malign activities. The trip was the first to Israel by a Treasury Department official since the nuclear agreement between Iran and the P5+1 partners was reached in July.
Posted in: Terrorism and Financial Intelligence
By: David Lebryk and David Mader
Monday, August 31, 2015
Following a robust engagement with stakeholders, DATA Act standards have been finalized to provide a foundation to improve the quality and consistency of data available.
Posted in: DATA Act
Friday, August 28, 2015
Earlier this year, President Obama unveiled a Student Aid Bill of Rights to ensure strong consumer protections for student loan borrowers and issued a Presidential Memorandum to begin making those rights a reality. Last month, as part of that directive, the Department of Education announced a number of new steps we are taking to help Americans manage their student loan debt.
Posted in: Federal Student Aid
By: Annie Donovan
Friday, August 28, 2015
Treasury’s Community Development Financial Institutions Fund (CDFI Fund)
wrapped up its National Listening Tour. We spent the summer soliciting public
input regarding a new strategic framework for the CDFI Fund.
Posted in: CDFI
By: David Tessler
Thursday, August 27, 2015
On Thursday, senior
officials from the Treasury Department visited Minneapolis at the invitation of
Congressman Keith Ellison for meetings focused on remittances and the Somali
community in the United States.
Posted in: Somalia
By: Josh Drobnyk
Friday, August 21, 2015
Former Federal Reserve Chairman Paul Volcker has joined the growing chorus of economic leaders cautioning against the notion of backing away from the Iran agreement and seeking to unilaterally ramp up sanctions as some critics of the Iran agreement have suggested.
Posted in: Iran Nuclear Agreement
By: Jessica Milano
Tuesday, August 18, 2015
Today the Treasury Department extended the comment period to give the public more time to respond to the Request for Information (RFI) on marketplace lending titled “Public Input on Expanding Access to Credit through Online Marketplace Lending.” The public will now have through September 30, 2015 to provide comments.
Posted in: Marketplace Lending