department of treasury

National Museum of African American History and Culture

Trump Administration Won’t Commit To Putting Harriet Tubman On $20 Bill

Anyone expecting to someday see Harriet Tubman’s image grace the front of the $20 bill may be in for a long wait. In a new interview, Treasury Secretary Steve Mnuchin hinted that the Trump administration may back off the planned change that would have had Tubman take Andrew Jackson’s place on the bill. [More]


Treasury Secretary Mnuchin Says To Go See ‘LEGO Batman,’ One Of Many Movies He Produced

UPDATE 3/27: A Treasury spokesperson responded to Consumerist’s request for comment in a statement on Monday, saying: “As his statement reflects, the Secretary clearly recognized that he generally may not promote private interests and specifically gave the legal disclosure that he was not promoting a movie, but answering a question he was asked directly.” [More]


Treasury Department Calls For More Oversight, Regulations Of The Online Lending Industry

Sure, the idea of sitting on your couch in your boxers and picking a loan from a list of preselected lenders seems like an easy and fairly straight-forward process. But federal officials say the relatively new online lending industry is rife with potential risks and should be subjected to additional oversight. [More]

Feds Recommend Overhaul Of Student Loan Servicing

Feds Recommend Overhaul Of Student Loan Servicing

Earlier this year, the Consumer Financial Protection Bureau launched a public probe into potentially anti-consumer practices of the student loan servicing industry. More than 30,000 people responded, leading the Bureau, along with the Departments of Education and Treasury, to release a framework they hope will curb these questionable practices, promote borrower success, and minimize defaults. [More]

For-Profit Colleges Lead The Way On Loan Defaults: Report

For-Profit Colleges Lead The Way On Loan Defaults: Report

During the Great Recession, the growing industry of for-profit colleges promised millions of Americans a path to a higher education. But the high tuitions charged by many schools sent U.S. student loan debt soaring to more than $1.2 trillion. A new report claims that while for-profit schools charged top-dollar, many students were getting a cut-rate education, making it difficult to obtain jobs that will allow them to pay down this debt.

Adam Fagen

Carnival Cruise Ship Sailing Toward Cuba Next Spring

If visiting the Dominican Republic on Carnival’s latest Fathom cruise line for a few days of volunteer work didn’t seem like the right fit for you, there’s now another island option: Cuba. [More]

Bank Of America To Pay $16.6M To Settle Allegations Of Processing Drug Traffickers’ Transactions

Bank Of America To Pay $16.6M To Settle Allegations Of Processing Drug Traffickers’ Transactions

Processing transactions for drug traffickers is a big no-no, which is why Bank of America has agreed to pay $16.6 million to resolve federal allegations that it was involved in moving money around for ten traffickers over the course of four years.

Banks Want To Forgive Credit Card Debt — But The Government Says No

The next wave of the credit crisis — the skyrocketing defaults on credit cards — is coming in and odd alliances are being formed. The Consumer Federation of America, along with the Financial Services Roundtable ( a self-described “major player on Capitol Hill and with the regulators” which represents the securities, investment, insurance and banking industries) has requested a “special program that would allow as much as 40 percent of credit card debt to be forgiven for consumers who don’t qualify for existing repayment plans.”