PYMNTS-MonitorEdge-May-2024

Treasury Department

The Department of the Treasury is an executive department and the treasury of the United States federal government.

Source: home.treasury.gov

IRS: Stimulus Card Isn’t Junk Mail
IRS: Stimulus Card Isn’t Junk Mail
May 28, 2020  |  Consumer Finance

The Internal Revenue Service (IRS) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that,...

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Mnuchin, Powell Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
May 08, 2020  |  Loans

The Paycheck Protection Program (PPP) is going back to court, this time over the new guidance handed out by the federal government on April 29...

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MetaBank, Fiserv To Issue Preloaded Visa Cards For Stimulus Payments
MetaBank, Fiserv To Issue Preloaded Visa Cards For Stimulus Payments
April 30, 2020  |  Coronavirus

The U.S. Treasury will allow two financial technology companies to issue prepaid Visa cards loaded with coronavirus stimulus payments. Reuters reported its sources confirmed MetaBank...

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IRS Has Sent First Round Of COVID-19 Stimulus Payments
IRS Has Sent First Round Of COVID-19 Stimulus Payments
April 13, 2020  |  Coronavirus

Coronavirus stimulus payments to individuals are on their way. The Internal Revenue Service (IRS) said via Twitter on Saturday (April 11) that it has issued...

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Bank Of America Can Now Accept Small Business Relief Applications
Bank Of America Can Now Accept Small Business Relief Applications
April 03, 2020  |  Coronavirus

Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small business loan program...

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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
December 05, 2019  |  Security & Fraud

Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. What would...

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Trump Administration Cracking Down On Foreign Tech Funding
Trump Administration Cracking Down On Foreign Tech Funding
September 18, 2019  |  Investments

The Trump administration has revealed tougher rules for foreigners who want to invest in U.S. businesses that rely on sensitive technology, infrastructure and data. Treasury...

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Treasury Dept. Puts Nine Countries On Watch List Over Currency Practices
Treasury Dept. Puts Nine Countries On Watch List Over Currency Practices
May 29, 2019  |  International

The Treasury Department announced Wednesday (May 29) in a report to Congress that of the 21 major U.S. trading partners, only nine need further scrutiny...

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