Monthly Archives: April 2011

Report: Financial Services Industry Contributes Over $35 Million to Japan

In response to the March 11, 2011 earthquake in Japan, member companies of the Financial Services Roundtable responded in full force, contributing over $35 million towards Japan disaster relief. A full report of the efforts is available online.

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This Week in Financial Literacy…

Roundtable member companies are offering and sponsoring a wide array of financial literacy courses and programs throughout the month of April. Here are some interesting upcoming events: April 26, 2011: Save.Protect.Grow. Media event from 12:00-2:00 pm ET at The Financial … Continue reading

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PODCAST: Chris Porter, Senior Risk Analyst at Verizon Business, Discusses the 2011 Verizon Data Breach Investigations Report

Listen to internet radio with ITAC on Blog Talk Radio Data loss through cyber attacks decreased sharply in 2010, but the total number of breaches was higher than ever, according to the “2011 Verizon Data Breach Investigations Report,” which officially … Continue reading

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This Week in Financial Literacy…

Roundtable member companies are offering and sponsoring a wide array of financial literacy courses and programs throughout the month of April. Here are some interesting upcoming events: April 18-22, 2011: The Allstate Foundation and Dress for Success: My Dollar, My … Continue reading

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Independent Voices #18: Proposed Debit Interchange Rule

 “It is possible that that exemption will not be effective in the marketplace.” -Chairman Bernanke THE FEDERAL RESERVE

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FINANCIAL LITERACY OUT IN FULL FORCE TODAY IN DC

A broad understanding of financial products is crucial to maintaining ones own financial stability. Congress is working hard on passage of two important bills which achieve this goal: H.R. 300 (sponsored by Rep. Carson) and H.R. 626 (sponsored by Rep. … Continue reading

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Independent Voices #17: Proposed Debit Interchange Rule

 “[W]e believe the proposal takes an unnecessarily narrow approach to the recovery of costs that would be allowable under the law and are recognized and indisputably part of conducting a debit card business. This has long-term safety and soundness consequences … Continue reading

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Independent Voice #16: Proposed Debit Interchange Rule

“As the federal regulator of most community banks in the United States, the FDIC is concerned about the potential impact of the Board’s proposed rule on small ban issuers of debit cards and their customers in contravention of Congressional intent.” … Continue reading

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HPC Weighs in on Mortgage Enforcement Action

In response to the mortgage enforcement action announced today by the OCC, Federal Reserve and other regulators, John H. Dalton, President of the Housing Policy Council, issued the following statement: “The practices agreed upon today regarding mortgage servicing standards are a strong statement to ensure … Continue reading

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Independent Voice #15: Proposed Debit Interchange Rule

“The Federal Reserve Board has been told to implement the law, but the assumptions underlying this instruction and the terms of the delegation are so uncertain and ill-defined that the agency will find it impossible to act rationally unless it … Continue reading

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