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New Scam Center Strike Force Battles Southeast Asian Crypto Investment Fraud Targeting Americans
November 12, 2025 / Source: Department of Justice
Strike Force Targets Chinese TCOs Behind the Schemes & Works in Public-Private Partnership WASHINGTON – U.S. Attorney Jeanine Ferris Pirro, together with major federal law enforcement and interagency partners, announced the creation of the first Scam Center Strike Force to secure America against Southeast Asian cryptocurrency-related fraud and scams. …
United States Mint Hosts Historic Ceremonial Strike for Final Production of the Circulating One-Cent Coin
November 12, 2025 / Source: United States Mint
PHILADELPHIA, Nov. 12, 2025 — The United States Mint (Mint) hosted a ceremonial strike event today at its Philadelphia facility where United States Treasurer Brandon Beach struck the final, circulating one-cent coin (penny). The event marks the official end of the penny’s 232-year production run as a circulating coin. “Today the Mint celebrates 232 years…
Treasury Sanctions Burma Armed Group and Companies Linked to Organized Crime Targeting Americans
November 12, 2025 / Source: US Department of the Treasury
November 12, 2025 WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the Democratic Karen Benevolent Army (DKBA), a Burmese armed group, along with four of its senior leaders, for supporting cyber scam centers in Burma that target Americans using fraudulent investment schemes. OFAC is also designating Trans Asia International Holding Group Thailand…
Treasury Disrupts Iran’s Transnational Missile and UAV Procurement Networks
November 12, 2025 / Source: US Department of the Treasury
November 12, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting 32 individuals and entities based in Iran, the United Arab Emirates (UAE), TĂĽrkiye, China, Hong Kong, India, Germany, and Ukraine that operate multiple procurement networks supporting Iran’s ballistic missile and unmanned aerial vehicle (UAV) production. “Across the…
Speech: Remarks by Secretary of the Treasury Scott Bessent before the Treasury Market Conference
November 12, 2025 / Source: US Department of the Treasury
November 12, 2025 Parallel Prosperity: Strengthening the Treasury Market to Build America’s Golden Age Introduction Good morning. It’s an honor to be here. To begin, I would like to thank the New York Fed for hosting this meeting and for inviting me to join you. It’s fitting that the Treasury Market Conference is held each…
CFPB Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve
November 12, 2025 / Source: Consumer Financial Protection Bureau
Washington, D.C.—Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank. OLC made this conclusion on the basis that the Federal…
FFIEC Publishes 2024 Data on Mortgage Lending
November 9, 2025 / Source: Federal Financial Institutions Examination Council
July 7, 2025 Announcement The Federal Financial Institutions Examination Council (FFIEC) recently published data on 2024 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,908 U.S. financial institutions. The Snapshot National Loan-Level Dataset released contains the national HMDA datasets as of May 19, 2025. The FFIEC released several data products to serve a…
FDIC Updates its Consumer Compliance Examination Schedule
November 9, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC’s Consumer Compliance Examination Manual has been revised to reflect an updated examination frequency schedule whereby consumer compliance examinations and Community Reinvestment Act (CRA) evaluations will occur less frequently for most institutions. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions. Highlights: Section II-12.1 of…
Speech: A Global Stablecoin Glut: Implications for Monetary Policy
November 9, 2025 / Source: Board of Governors of the Federal Reserve System
Governor Stephen I. Miran At the BCVC Summit 2025, Harvard Club of New York City, New York, New York Watch Live Thank you, I really appreciate the opportunity to speak to you today.1 I am excited to be discussing stablecoins. This innovation has been unfairly treated as a pariah by some, but stablecoins are now…
Speech: AI and the Economy
November 9, 2025 / Source: Board of Governors of the Federal Reserve System
Vice Chair Philip N. Jefferson At Euro20+, Deutsche Bundesbank, Frankfurt, Germany Watch Live Thank you, President Nagel and the Bundesbank, for the opportunity to meet with you today.1 I am excited to be here. I cherish opportunities to talk with groups of young people such as this. I spent most of my career as a professor…
Treasury Orders Department-Wide Investigation into Potential Fraud Across Contracting Programs
November 9, 2025 / Source: US Department of the Treasury
November 6, 2025 WASHINGTON – The U.S. Department of the Treasury today announced a comprehensive audit of all contracts and task orders awarded under preference-based contracting, totaling approximately $9 billion in contract value across Treasury and its bureaus. The audit will examine potential misuse of the Small Business Administration’s 8(a) Business Development Program, and other initiatives…
Supervisory Relief to Help Financial Institutions and Facilitate Recovery for the Leech Lake Band of Ojibwe of the Leech Lake Indian Reservation in Minnesota Affected by Severe Storms and Straight-line Winds
November 6, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of the Leech Lake Indian Reservation in Minnesota affected by severe storms and straight-line winds. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The…
Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Alaska Affected by Severe Storms, Flooding, and Remnants of Typhoon Halong
November 6, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of Alaska affected by severe storms, flooding, and Typhoon Halong. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of, and material referenced…
Treasury Sanctions Hizballah Operatives Exploiting Lebanon’s Cash Economy
November 6, 2025 / Source: US Department of the Treasury
November 6, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action to support the disarmament of Hizballah by sanctioning individuals who facilitated funneling tens of millions of dollars from Iran to Hizballah in 2025, using exchange houses to take advantage of Lebanon’s cash-based financial sector. Hizballah…
U.S. Arrests Five Fugitives Wanted by Germany for Massive Fraud Scheme
November 5, 2025 / Source: US Department of Justice
The United States arrested five international fugitives at the request of the Federal Republic of Germany, which has charged the individuals for their roles in a network involving German payment service processors that defrauded thousands of victims of more than €300 million and created a shadow financial system in Germany. Pursuant to its treaty obligations,…
Federal Reserve Board finalizes changes to its supervisory rating framework for large bank holding companies
November 5, 2025 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Wednesday finalized changes to its supervisory rating framework for large bank holding companies. The finalized framework is substantially similar to the proposal issued in July. The revisions contained in the finalized framework more accurately reflect the strength of individual banks and better align the finalized framework with supervisory rating systems used for…
Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee
November 5, 2025 / Source: US Department of the Treasury
November 5, 2025 November 4, 2025 Letter to the Secretary Dear Mr. Secretary, Since the TBAC last met in late July, financial markets have exhibited low volatility, reflecting diminished uncertainty, resilient activity in both the US and global economy, and, more recently, a lack of market-moving US economic data due to the ongoing government…
Webinar: ATR/QM Rule Qualified & Quantified
November 4, 2025 / Source: Compliance Alliance
Published: November 3rd, 2025 Description: This Back 2 Basics webinar will review the requirements of the Ability-to-Pay and Qualified Mortgage rules, how they may affect your bank’s mortgage lending, and how to comply with them. We will review the scope of the rule, General and Seasoned Qualified Mortgages, higher-priced covered transactions, the rules surrounding the…
Tokenized Deposit Guidance and Robust Stablecoin Rules Must Be Issued in Tandem
November 4, 2025 / Source: Conference of State Bank Supervisors
Nov 4, 2025 Download PDF Share: Washington, D.C. – In separate letters to the U.S. Treasury Department and the federal banking agencies, CSBS outlined important policy considerations to foster a national regulatory framework for stablecoins and tokenized deposits that protects consumers, promotes financial stability, and provides a level playing field for traditional financial institutions and new…
Speech: The Economic Outlook and Monetary Policy
November 3, 2025 / Source: Board of Governors of the Federal Reserve System
Governor Lisa D. Cook At The Brookings Institution, Washington, D.C. Watch Live Thank you, David. I appreciate the opportunity to speak again at the Brookings Institution.1 It is always an honor for me to return to the place where I held my first job as an aspiring economist. I had the good fortune to be a…
Economy Statement for the Treasury Borrowing Advisory Committee
November 3, 2025 / Source: US Department of the Treasury
November 3, 2025 Introduction Economic data received through September 30, 2025, suggest that U.S. economic growth solidified in the third quarter of 2025 with steady business investment and consumer demand. Stock markets reached record highs during the quarter—and have set additional highs since—while earnings growth has been stable. Meanwhile, yields on U.S. Treasury notes and…