News from December 2024

NCUA prohibits two former employees from working in federally insured institutions

The National Credit Union Administration (NCUA) has issued a prohibition order and a prohibition notice in December 2024.

US sanctions Iranian and Russian entities over alleged interference in 2024 election

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against entities in Iran and Russia for their alleged attempts to interfere in the 2024 U.S. election.

U.S. sanctions Russian judge over detention of Moscow councilor Alexei Gorinov

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Russian judge Olesya Mendeleeva for her involvement in the arbitrary detention of Alexei Gorinov, a Moscow city councilor and human rights...

U.S. Treasury Secretary announces $3.4B aid to Ukraine amid ongoing conflict

Secretary of the Treasury Janet L. Yellen announced the disbursement of $3.4 billion in direct budget support for Ukraine, marking a significant step as Russia continues its attacks on Ukrainian civilians and infrastructure.

New discoveries reshape understanding of dinosaur behavior and appearance

For UC Berkeley Professor Jack Tseng, paleontology offers endless opportunities for discovery.

NCUA approves pilot program for non-registered investment fund activities

The National Credit Union Administration (NCUA) Board has approved an investment pilot program under section 703.19(c) of the NCUA's regulations.

Treasury releases final rules on tax reporting for DeFi brokers

The U.S. Department of the Treasury and the Internal Revenue Service have released final regulations concerning tax reporting requirements for brokers involved in digital asset transactions.

Treasury Secretary Yellen addresses Congress on impending debt limit issues

Today, Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leadership about the debt limit.

Tom Barkin to address Maryland bankers at economic forum

Richmond Federal Reserve President Tom Barkin is set to address the First Friday Economic Outlook Forum on January 3, 2025.

Fed's Hammack discusses inflation concerns after December FOMC meeting

The Federal Reserve Bank of Cleveland's President, Beth M. Hammack, has shared insights regarding her vote at the recent Federal Open Market Committee (FOMC) meeting held on December 17-18, 2024.

Federal Reserve Bank of Cleveland President comments on FOMC meeting vote

The Federal Reserve Bank of Cleveland has released a statement from its President, Beth M. Hammack, regarding her vote at the Federal Open Market Committee's meeting held on December 17-18, 2024.

NCUA reports rise in assets and loans among federally insured credit unions

Assets and loans at federally insured credit unions showed an increase at the median over the year ending in the third quarter of 2024, while shares and deposits experienced a decline, as reported by the latest NCUA Quarterly U.S. Map Review.

US sanctions Georgian officials over protest crackdowns

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two officials from Georgia's Ministry of Internal Affairs.

Treasury imposes new sanctions targeting Houthi procurement networks

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against twelve individuals and entities across various jurisdictions.

Treasury reports October TIC inflow; next update due January

The U.S. Department of the Treasury has published the Treasury International Capital (TIC) data for October 2024, indicating a net TIC inflow of $203.6 billion.

Treasury releases report on artificial intelligence in financial services

The U.S. Department of the Treasury has released a report on the uses, opportunities, and risks associated with artificial intelligence (AI) in financial services.

John B. Gibson joins New York Fed's advisory council

The Federal Reserve Bank of New York has announced the appointment of John B. Gibson to its Second District Advisory Council.

U.S imposes new sanctions targeting Iranian oil trade

The United States Department of the Treasury has announced sanctions on four entities and three vessels involved in the trade of Iranian petroleum and petrochemicals.

U.S. Treasury targets network linked to Republika Srpska President Milorad Dodik

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has taken action against individuals and entities linked to Republika Srpska President Milorad Dodik, aiming to disrupt a network that allegedly facilitates his...

US targets facilitators procuring navigational systems for Iran

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against two entities and two individuals involved in the development and procurement of components for sensitive navigational systems used by the...