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Latest U.S. Department of the Treasury Stories

2011-03-02 16:30:00

DETROIT, March 2, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that the U.S. Department of the Treasury (Treasury) will be repaid $2.7 billion from the sale of all the Trust Preferred Securities that Treasury holds in Ally. This represents the full value of Treasury's investment in these securities. The offering priced today at 8.125 percent and is expected to close on March 7, 2011. In addition to the proceeds from this transaction, Ally has paid approximately $2.2...

2010-12-20 23:01:00

WASHINGTON, Dec. 21, 2010 /PRNewswire/ -- The U.S. Department of the Treasury today issued a final rule to extend the safety and convenience of electronic payments to all Americans receiving federal benefit and non-tax payments. Anyone applying for benefits on or after May 1, 2011, will receive their payments electronically, while those already receiving paper checks will need to switch to direct deposit by March 1, 2013. The Treasury Department's Go Direct® public...

2010-11-10 14:07:00

MIAMI, Nov. 10, 2010 /PRNewswire/ -- TeleCuba Communications, Inc. ("TeleCuba") announced today that it has retained Wiley Rein to represent the Company in all its telecommunications regulatory matters. Wiley Rein has the largest communications law practice in the country -- what The New York Times has described as the "brand name" of communications law. The firm employs over 275 attorneys, 40 of which are devoted full-time to the communications practice, which encompasses virtually all...

2010-05-17 08:09:00

WASHINGTON, May 17 /PRNewswire/ -- Severe weather and other natural disasters are often unpredictable and can disrupt lives in an instant. As part of National Hurricane Preparedness Week May 23- 29, the U.S. Department of the Treasury strongly urges federal benefit check recipients living along the Gulf Coast and Eastern Seaboard to disaster-proof their...

2009-12-30 15:36:00

NEW YORK, Dec. 30 /PRNewswire/ -- GMAC Financial Services today announced a series of actions intended to strengthen the company's capital base, position it for improved financial performance, minimize further adverse effects on GMAC related to Residential Capital, LLC (ResCap), and improve access to the capital markets over time. Additionally, the actions position GMAC to explore strategic alternatives for ResCap and the mortgage business and are expected to accelerate the timetable for...

2008-06-25 21:02:18

To: TECHNOLOGY EDITORS Contact: Michael Waxman of Safe and Secure Internet Gambling Initiative, +1-202-872-0010, +1-202-872-4860, info@safeandsecureig.org Republicans Said No to Amendment Helping Credit Unions, Banks WASHINGTON, June 25 /PRNewswire-USNewswire/ -- An amendment to develop new regulations to enforce the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) was defeated today in a tie vote in the House Committee on Financial Services. The amendment to the Payments...


Word of the Day
ambsace
  • Bad luck; misfortune.
  • The smallest amount possible or the most worthless thing.
The word 'ambsace' comes from a Latin word meaning 'both'.