Treasury Department Archives

House Financial Services Committee ranking member Rep. Maxine Waters, D-Calif., speaks with Rep. Patrick McHenry, R-N.C., before a hearing in the Rayburn House Office Building on Capitol Hill on March 6, 2024 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)

House Financial Services Committee leaders eye AI regulatory push

Reps. Patrick McHenry and Maxine Waters introduce measures targeting the technology’s impact on housing and the financial sector.

Dec 2, 2024 By Matt Bracken

The US Treasury Department building is seen in Washington, DC, January 19, 2023. (Photo by SAUL LOEB/AFP via Getty Images)

Treasury group unveils guidance for financial sector on cloud adoption

Regulators from Treasury, CFPB and OCC say the resources will especially help small banks that adopted cloud practices “before they were ready.”

Jul 17, 2024 By Matt Bracken

Internal Revenue Service (IRS) building — A view of the IRS building in Washington, D.C. (Chip Somodevilla / Getty Images)

IRS defends use of biometric verification for online FOIA filers

The tax agency directs users to file public records requests through ID.me, a tool that has sparked concerns in Congress and from privacy advocates.

Jun 10, 2024 By Rebecca Heilweil

Treasury Secretary Janet Yellen speaks during the Financial Stability Oversight Council Conference on Artificial Intelligence and Financial Stability on June 6, 2024 in Washington, D.C. During her remarks Yellen spoke on the future impact of artificial intelligence on the economy. (Photo by Anna Moneymaker/Getty Images)

Treasury seeks information on AI uses and risks in the financial sector

The RFI continues an agency push for “stakeholder engagement to improve our understanding of AI in financial services,” Secretary Janet Yellen says.

Jun 6, 2024 By Matt Bracken

From left, GDIT’s Nisa Moore, the Treasury Department’s Sarah Nur, the State Department’s Gharun Lacy and Eileen Vidrine, formerly of the Air Force, participate in a panel discussion at a GDIT event on June 4, 2024, in Washington, D.C. (Scoop News Group photo)

AI fuels rise in attacks from ‘unsophisticated threat actors,’ federal cyber leaders say

Officials from Treasury, State and the FBI say information-sharing is increasingly important as AI enables so-so hackers to level up.

Jun 5, 2024 By Matt Bracken

The front of the U.S. Treasury building on Jan. 3, 2024 in Washington, D.C. (Photo by J.David Ake/Getty Images)

Treasury report calls out cyber risks to financial sector fueled by AI

Mar 27, 2024 By Matt Bracken

CISA Director Jen Easterly testifies alongside Commander of the U.S. Cyber Command Gen. Paul Nakasone during a hearing on Capitol Hill on Jan. 31, 2024 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)

Federal IT officials call on CISA for tougher standards, more coordination

Tech leaders from the VA and Treasury say their relationships with CISA have improved, but they’re looking for more top-down, specific guidance from the cyber agency.

Feb 8, 2024 By Matt Bracken

The Internal Revenue Service Building is pictured in Washington, D.C. (Photo by Carol M. Highsmith/Buyenlarge/Getty Images)

Modernization efforts will bring billions in new revenue to IRS, analysis finds

A report from the Treasury Department estimates that Inflation Reduction Act funding for IT and customer service modernization at the tax agency will contribute to an up…

Feb 6, 2024 By Matt Bracken

IBM envisions government, private sector uses for new AI ‘nutrition label’ tool

Watsonx.governance can help organizations manage their AI uses to meet coming regulations and monitor for issues, IBM said Tuesday.

Nov 14, 2023 By Madison Alder

The Internal Revenue Service building in Washington, D.C., is pictured on Feb. 26, 2022. (Photo by Stefani Reynolds / AFP via Getty Images)

IRS ahead of key digitization goals, but Yellen warns GOP cuts could hurt agency

Tax agency completes first goal of Paperless Processing Initiative as Treasury Secretary Janet Yellen cautions that Republicans’ proposed cuts to IRS funding would hamper efforts to continue…

Nov 8, 2023 By Nihal Krishan