News & Analysis as of

U.S. Treasury Office of the Inspector General

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday June 5, 2024

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June 4, 2024- The Consumer Financial Protection Bureau issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services. June 4, 2024- ...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, October 19, 2023

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October 18, 2023- The Federal Deposit Insurance Corporation Office of Inspector General published a report entitled, "FDIC Strategies Related to Crypto-Asset Risks" with the FDIC staff noting guidance forthcoming by...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday, December 13, 2022

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December 12, 2022- The Consumer Financial Protection Bureau (CFPB) proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state, or federal consumer financial...more

Schwabe, Williamson & Wyatt PC

Application of Single Audit Act to ANCs and Extension of Single Audit Deadline

On July 5, 2022, the U.S. Department of Treasury issued updated guidance that confirmed that Alaska Native Corporations are subject to the requirements of the Single Audit Act and its implementing regulations...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, May 27, 2022

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Congress- U.S. House of Representatives- Committee on Financial Services- Hearing: Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency-...more

Foley & Lardner LLP

Health Providers Must Avoid COVID Reimbursement Missteps

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One Health Resources and Services Administration program, “COVID-19 Claims Reimbursement to Health Care Providers and Facilities for Testing, Treatment, and Vaccine Administration for the Uninsured,” has been a huge source of...more

Schwabe, Williamson & Wyatt PC

Desk Review Procedures for Coronavirus Relief Fund

The Coronavirus Aid, Relief, and Economic Security (CARES) Act assigned the U.S. Department of Treasury Office of Inspector General (OIG) responsibility for compliance monitoring and oversight of the receipt, disbursement,...more

Baker Donelson

OIG Reports Lessons Learned from the CARES Act and Advises on American Rescue Plan

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Last year, the CARES Act authorized the U.S. Department of the Treasury (Treasury) to make $150 billion payments to state, local, territorial, and tribal governments from the Coronavirus Relief Fund (CRF). Treasury issued...more

Holland & Knight LLP

How to Compile the "Interim" Report Due July 17 on Expenditures Related to COVID-19

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The U.S. Department of the Treasury's Office of Inspector General (OIG) released a memorandum on July 2, 2020, that lays out the reporting and document retention requirements that the OIG intends to apply to recipients of...more

Baker Donelson

CARES Act Coronavirus Relief Fund Compliance: Enter the OIG

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On July 2, 2020, the U.S. Department of Treasury Office of Inspector General (OIG) issued a memorandum providing a glimpse into how it will monitor the receipt, disbursement, and use of financial assistance from the...more

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