The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to participate in the "Making Home Affordable" loan modification program. Guidelines for the program were announced today by the Treasury Department.
Chairman Rangel, Ranking Member Camp, members of the Committee, thank you for providing me the opportunity to appear before you today to discuss the President's Budget at this moment of economic crisis, but also of real possibility, for the United States.
Having the right tools is critical to completing any task. This is true for consumers trying to manage their money and is particularly important during a difficult economy. "Accurate and reliable information is essential to helping consumers protect their savings, avoid fraud, and make informed financial decisions,"...
The Financial Crimes Enforcement Network of the Department of the Treasury, after consulting with the staffs of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of...
The Financial Crimes Enforcement Network of the Department of the Treasury, after consulting with staffs of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, is issuing for comment this proposed interpretive guidance.
The Financial Crimes Enforcement Network ("FinCEN"), a bureau of the Department of the Treasury , is proposing to revise the regulations implementing the Bank Secrecy Act regarding the confidentiality of a report of suspicious activity.
The Financial Crimes Enforcement Network (FinCEN) has proposed revised rules and new guidance that permit certain affiliates of depository institutions as well as broker-dealers in securities, mutual funds, futures commission merchants, and introducing brokers in commodities, to share suspicious activity reports...
In carrying out the Financial Stability Plan, the Department of the Treasury and the Federal Reserve Board are announcing the launch of the Term Asset-Backed Securities Loan Facility (TALF), a component of the Consumer and Business Lending Initiative (CBLI).
Good afternoon. I'm delighted to be here again for your annual meeting.
I would like to begin with a few comments about the challenges facing our banking industry and the actions we're taking to preserve and strengthen it.
There is no question that this is one of the most difficult periods we have encountered...
Comptroller of the Currency John C. Dugan said today that the current approach to determining the loan loss provision forces banks to build reserves when it is most difficult, and urged a more counter-cyclical approach that would allow provisions to be made earlier in the credit cycle, when times are good.
On February 27, 2009, the FDIC adopted an interim rule that allows entities participating in the debt guarantee portion of the Temporary Liquidity Guarantee Program (TLGP) to issue certain mandatory convertible debt (MCD).