The chairman sent letters to major financial companies citing obligations under consumer protection law. Federal Trade Commission (FTC) Chairman Andrew Ferguson sent letters to the chief executives of…
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Treasury Launches AI Innovation Series for Financial System Oversight
The initiative brings regulators and industry together to examine artificial intelligence in financial services. The Financial Stability Oversight Council (FSOC) and the Treasury Department’s Artificial Intelligence Transformation Office…
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Treasury Secretary Takes More Steps to Address Fraud Against Federal Healthcare Programs
FinCEN also issued an advisory for financial institutions after launching a whistleblower website. Treasury Secretary Scott Bessent announced that financial institutions are being encouraged to alert Financial Crimes…
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Treasury Announces Initiative to Strengthen Cybersecurity and Risk Management for AI
Industry leaders and government officials will collaborate in a new AI oversight group. The Department of the Treasury announced the Artificial Intelligence Executive Oversight Group (AIEOG), part of…
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Treasury Department Releases New Resources to Guide Financial Sector AI Use
New tools are intended to standardize artificial intelligence governance and oversight across financial institutions. The U.S. Department of the Treasury released two resources to guide the use of…
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“Trump Accounts” Propose Long-Term Savings for U.S Children
The plan includes government seed deposits, parent and employer contributions, and stock-based investments. The Council of Economic Advisers has outlined a proposal under the One, Big, Beautiful Bill…
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SBA Orders Lenders to End Debanking Practices
The administration sent letters to ensure institutions cease politicized denials of service. The Small Business Administration (SBA) sent letters to over 5,000 lenders last week directing them to…
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State Department Implements Family-Friendly Hiring Exemption
The new policy is intended to support embassy staffing and family unity without expanding the federal workforce. The U.S. State Department has introduced an exemption to the federal…
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Treasury Sanctions 30 Iranian Entities Engaged in “Shadow Banking”
The department stated the individuals and companies work to finance nuclear missile programs The Treasury Department’s Office of Foreign Assets Control (OFAC) recently sanctioned 30 more entities that…
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State Department Imposes More Sanctions in Iran as Nuclear Talks Proceed
Secretary Rubio says the move is necessary to curb the country’s oil profits and sanctions evasion tactics. The State Department announced new sanctions against Iran last week in…
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