Tag Archives: Treasury

Wednesday, July 9, 2014

Banking trade groups voice concern over 1098 reporting requirements


In a letter to the Senate Finance Committee, several banking trade organizations wrote to lawmakers on Monday to express concern over new reporting rules requiring servicers to furnish additional information about mortgages on the IRS 1098 form. “Servicers do typically … Read More…

Monday, June 2, 2014

Treasury’s financial education commission discusses financial security

Financial Education

The U.S. Treasury’s Financial Literacy and Education Commission held a public meeting last week to discuss ways to improve the financial capability and security of young Americans. The field hearing opened with remarks from Mary Miller, the undersecretary for domestic … Read More…

Tuesday, April 15, 2014

IRS ramps up efforts to combat identity, tax refund fraud


The IRS announced last week that it has initiated approximately 300 new investigations into identity theft and refund fraud ahead of the April 15 tax deadline. Since January, the IRS’ criminal investigation unit has launched 295 new investigations, pushing the … Read More…

Friday, March 21, 2014

Treasury’s Amir-Mokri stresses collective cybersecurity effort

Cyber Security

Cyrus Amir-Mokri, the assistant secretary for financial institutions at the U.S. Treasury, stressed this week the importance of a collective cybersecurity effort with a partnership between the public and private sectors. “[I]t is important for the government to share information … Read More…

Wednesday, March 12, 2014

U.S. Treasury, CFPB discuss financial education at president’s council

Financial Education

U.S. Treasury Secretary Jack Lew and CFPB Director Richard Cordray discussed the importance of financial education during a Monday meeting of the President’s Advisory Council on Financial Capability for Young Americans. Lew urged the council to identify and consider opportunities … Read More…

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