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Treasury Department

Jun 28, 2013

Investigator: No sign progressives mistreated

WASHINGTON — The Treasury Department watchdog who detailed Internal Revenue Service mistreatment of tea party groups seeking tax-exempt status says he has no evidence the IRS also mishandled progressive groups’ applications. In a letter obtained Thursday by The Associated Press, the inspector general for tax administration, J. Russell George, acknowledged that the term “Progressives” appea[...]

Aug 17, 2012

Treasury changes Fannie, Freddie deal

WASHINGTON — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government of all quarterly profits the companies earn. The Treasury Department announced the changes Friday in […]

Sep 1, 2011

JPMorgan, BofA take heat for foreclosure program

WASHINGTON, D.C. — Two of the nation’s largest mortgage lenders are not doing enough to help Americans avoid foreclosure, the Obama administration said Thursday. The Treasury Department said that Bank of America and JPMorgan Chase & Co.

Aug 8, 2011

Genesee Regional Bank gets fed funds

Genesee Regional Bank is one of 20 community banks across the country to receive part of $253 million in capital through the Treasury Department’s Small Business Lending Fund. Through GRB’s holding company, Greater Rochester Bancorp Inc. ...

Jun 9, 2011

Gov’t faults 3 lenders over mortgage-aid efforts

WASHINGTON — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they've done little to help people at risk of losing their homes.

Dec 16, 2010

Anti-foreclosure program needs work, report says

WASHINGTON, D.C. — The Obama administration’s central foreclosure-prevention effort won’t reach its original goals and the government should come up with clear, measurable objectives for the two-year-old program, according to a new report from a congressional watchdog.

Dec 13, 2010

Stock sales help offset bailout losses

WASHINGTON, D.C. — Stock sales are helping the government offset projected losses from its $700 billion rescue of the financial system. The Treasury Department has brought in $35 billion ...

Nov 8, 2010

Rates mixed at Monday’s Treasury auction

WASHINGTON, D.C. — Interest rates on short-term Treasury bills were mixed in Monday’s auction with three-month rates unchanged while six-month bills rose to the highest point in two weeks.

Oct 5, 2010

Treasury cuts bailout price tag to $50 billion

WASHINGTON, D.C. — The $700 billion financial bailout will cost about $50 billion, the Treasury Department said Tuesday. The price tag was included in a report ...

Sep 29, 2010

Treasury announces sale of Citigroup shares

WASHINGTON, D.C. — The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout.

Sep 27, 2010

Gov’t to expand money transfer rules

WASHINGTON, D.C. — The Obama administration is proposing that banks report all electronic money transfers in and out of the country, expanding its anti-terrorism requirements for financial institutions.

Aug 20, 2010

Nearly 50 percent leave mortgage-aid program

WASHINGTON, D.C. — Nearly half of the homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. A new report issued Friday by the Treasury Department ...

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