CDFI Fund: CY 2026 New Markets Tax Credit Program Application Allocation Round Begins Soon
$5 Billion in Allocation Authority will be Available The upcoming calendar year (CY) 2026 round of the New Markets Tax Credit Program (NMTC Program) will make $5 billion in Allocation Authority available for investments in low income and distressed communities. The CDFI Fund is planning to open the CY 2026 NMTC Program Allocation Application round…
Treasury: FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners
Will Delete Information Previously Reported by U.S. Persons Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The final rule became effective on August 14, 2026. FinCEN today…
OCC: Secretary of the Treasury Bessent & Comptroller of the Currency Gould Highlight Community Bank Comeback at Arizona Bankers Association Roundtable
Local banks on the front lines of economic and national security; OCC acts to eliminate risks posed by extending financial services to illegal aliens Secretary of the Treasury Scott Bessent and Comptroller of the Currency Jonathan V. Gould today highlighted the Trump Administration’s efforts to alleviate regulatory burden on community banks, drive economic growth on…
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…