Financial Transparency Coalition

With his inauguration only a few minutes behind him, President Obama officially submitted his initial round of Cabinet nominations to the Senate on Monday. Among them is Jacob “Jack” Lew, the current White House Chief of Staff and Obama’s pick to replace Timothy Geithner as the next Secretary of the Treasury. Before getting the post, though, Mr. Lew will face a tough round of questioning from the Senate Finance Committee, which is in charge of vetting his nomination. The next Secretary of the Treasury will have enormous influence nationally, and globally, on issues important to the Task Force, including the...

Statement by Secretary Geithner at the G-20 Meeting of Finance Ministers and Central Bank Governors in St. Andrews, Scotland.

WASHINGTON (Reuters) - Cash reporting requirements for U.S. banks may be expanded to non-bank residential mortgage lenders and originators, a federal agency that polices financial crimes said on Wednesday.