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Monthly Archives: November 2010
President’s Advisory Council on Financial Capability Convenes First Meeting
The President’s Advisory Council on Financial Capability convened its first meeting today. Council members discussed the launch of a national financial literacy strategy, coordination between the public and private sector, ways to maximize effectiveness, and ways to increase financial capability. Continue reading
Posted in Financial Literacy, News Center, Public Policy: Regulation
Tagged Advisory Council on Financial Capability, financial literacy
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Protecting the Elderly from Financial Exploitation
Seniors save a lifetime to build a nest egg. The Financial Services Roundtable wants to help them protect it from financial exploitation. Continue reading
Roundtable Publishes “Systemic Risk Implementation”
The Anthony T. Cluff Fund of the Financial Services Roundtable today published a report to provide guidance to the newly created Financial Stability Oversight Council and Office of Financial Research. Continue reading
Posted in News Center, Public Policy: Regulation
Tagged Anthony T. Cluff Fund, Financial Stability Oversight Council
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Fast Facts on Jobs and Trade
As President Obama pushes for new trade agreements at the G-20 summit, we thought this would be a good time to share some information about the importance role trade plays in our nation’s economy. Continue reading
Federal Reserve Report: Banks increasing access to loans
Good news: The Federal Reserve confirms that banks are increasing access to loans for consumers and businesses. According to the just-released Federal Reserve’s most recent Senior Loan Officer Survey, in the third quarter of 2010, large banks made it easier to receive a loan in nearly every category of borrowing. Continue reading
More to the mortgage story
The New York Times on Monday ran a piece by Yves Smith that unfortunately tells only a small part of the story when it comes to mortgages.
For example, Smith neglects to explain that, while the vast majority of homeowners in the United States are current on their mortgages, the foreclosures he rails against are happening to people who have not made any monthly payments for as long as two years. Continue reading
Posted in Foreclosure Prevention
Tagged foreclosure moratoirum, foreclosure prevention, homeownership, HOPE NOW
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S&P Report: Improved Lending Standards Make Sense
What is responsible for the current mortgage situation? As this Financial Times article points out, “Homeowners with little equity are more than twice as likely to fall behind on mortgage payments than those who put down at least a quarter of the purchase price.” Continue reading
Posted in Foreclosure Prevention, News Center
Tagged foreclosure prevention, homeownership, HOPE NOW
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Financial institutions will continue to support small businesses
The financial services industry continues to support efforts to promote financial stability and economic recovery. As a recent Wall Street Journal article shows, lending to small business are increasing. Continue reading
The 2010 Election and Financial Services
1. This was, in fact, the “wave” election that many were predicting. Because of that, we should expect changes in Washington.
2. Washington is still a two-party town, but the smaller majorities in the House and Senate over the next two years means that neither party is in control. As a result, any legislative policy change will require a bi-partisan approach or it won’t happen. Continue reading
Posted in News Center, Public Policy: Legislation
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