Treasury: Secretary of the Treasury Scott Bessent Remarks Before the Financial Literacy and Education Commission Shared
As prepared for delivery “Good afternoon. Thank you for joining us here in the historic Cash Room. And thank you for your ongoing commitment to the work of this Commission as we meet to discuss digital financial literacy following the historic launch of Trump Accounts. I have long believed that the strength of a nation…
OCC: Comptroller Gould Highlights OCC’s Financial Literacy Efforts at Financial Literacy and Education Commission Meeting
Comptroller of the Currency Jonathan V. Gould today highlighted the OCC’s efforts to expand financial literacy, support responsible innovation, and provide consumers with practical educational resources in remarks at the Financial Literacy and Education Commission meeting. Excerpts from Comptroller Gould’s remarks are below. His full statement can be found here. Supporting responsible innovation and digital financial…
CFPB: Deputy Director Mark Paoletta Shares Remarks at the Financial Literacy and Education Commission
“Good afternoon. I want to thank Secretary Bessent and the staff of the Treasury Department for convening this meeting, and for their leadership on digital financial literacy. Under the superb leadership of Acting Director Vought, the CFPB is advancing the Trump Administration’s expansive efforts to improve financial literacy and increase early access to financial empowerment…
Treasury: FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government. Today’s action is the latest in Treasury’s efforts, led by President Trump and Vice President Vance, to eliminate government…
Treasury: New Designation Cycle for Opportunity Zones Opens
The Working Families Tax Cuts Permanently Established a Process for States to Drive More Capital to Overlooked Communities Across America The U.S. Department of the Treasury announced the opening of the next nomination period for states, territories, and the District of Columbia to nominate eligible communities to be designated as Qualified Opportunity Zones (QOZs). Under…
Treasury: Artificial Intelligence Innovation Series Concludes
The U.S. Department of the Treasury’s Office of the Financial Stability Oversight Council (FSOC) and the Artificial Intelligence (AI) Transformation Office (AITO) held the fourth and final roundtable of the AI Innovation Series on May 19, 2026. This public-private initiative supports the continued strength and resilience of the U.S. financial system in an era of…
Treasury: Education Freedom Tax Credit Guidance Previewed
The U.S. Department of the Treasury previewed forthcoming Treasury and IRS guidance for the implementation of the new federal scholarship tax credit enacted as part of the Working Families Tax Cuts. “Under President Trump’s leadership, we are taking a transformative step toward an education system that fits the student rather than the other way around,” said…
Treasury: Launch of the Trump Accounts App and Next Steps for Trump Accounts Announced
Today, the U.S. Department of the Treasury announced the launch of the Trump Accounts app on app stores available nationwide. The Trump Accounts app will be the main interface for the most historic policy for American families in decades and is available on all major mobile app stores. “The Trump Administration is taking another…
Treasury: Department Moves to Prevent Abuse of Community Development Financial Institutions Fund Programs
The U.S. Department of the Treasury announced today that is has initiated a review of certified Community Development Financial Institutions (CDFIs) to identify potential violations of applicable law or CDFI requirements and to help ensure that CDFIs that receive federal assistance act as proper stewards of taxpayer funds. “CDFIs play a critical role in…
Treasury: Form 990 Transparency Initiative Announced to Expose Hidden Funding and Strengthen Oversight
The U.S. Department of the Treasury today announced that the Internal Revenue Service (IRS) plans to revise the Form 990 to improve transparency, strengthen tax administration, and provide clearer reporting on certain activities of tax-exempt organizations described in section 501(c)(3) of the Internal Revenue Code, including government contracts, government grants, and fiscal sponsorship arrangements. The…