Category Archives: Public Policy: Legislation

Don’t Denigrate Lame Duck Sessions. This One Has Done Wonders.

  Lame duck sessions of Congress are almost always derided by some as a sign that House and Senate have done something that requires them to do the legislative equivalent of being kept after school. But this year’s lame duck … Continue reading

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Roundtable Applauds White House on U.S.-Republic of Korea Free Trade Agreement

Jobs and trade are closely linked. Companies need new markets where they can sell their wares. Which is why the the Financial Services Roundtable commends the White House for their leadership in reaching final agreement on the U.S.-Republic of Korea Free Trade Agreement (KORUS FTA). Continue reading

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Federal Reserve Transparency: 60 percent of TALF funds repaid

The Federal Reserve deserves a great deal of credit for complying comprehensively with the directive in the Dodd-Frank Act that it make public the large number of documents it released yesterday about the loans it made during the height of the financial crisis. Continue reading

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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

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Financial Literacy for College Students

What do most students wish they learned in college? Maybe its “how do I repay my student loans?” A recent Moneywatch.con article found that students are not learning as much as they need to know about personal finance. Meanwhile, student loans outstanding have surpassed total credit card debt, an important flashpoint in our economy. In other words, at the same time that their financial situation requires them to know, students have not learned the ABCs about the 1,2,3s. Continue reading

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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

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HAMP helped prevent foreclosures

Did the efforts of the Home Affordable Modification Program help homeowners regain financial stability and rally private markets to prevent foreclosures?

According to those who testified before the Congressional Oversight Panel, the answer is yes. Continue reading

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The End of Free Checking?

“The decline of free checking is the first of many middle-class perks likely to vanish in the rush to regulate.”

That was the conlcusion of John Berlau, director of the Center for Investors and Entrepreneurs at the Competitive Enterprise Institute. Berlau’s recent oped in the Wall Street Journal lamented the loss of certain conveniences that banks have sacrificed to comply with new financial legislation and regulations. Continue reading

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Fast Facts on Life Insurance – Retained Asset Accounts

Recent media and Congressional attention has raised many myths about Retained Asset Accounts. FACT:  Retained Asset Accounts were created in the 1980s to give grieving family members more time to decide what to do with life insurance benefits. FACT:  Beneficiaries … Continue reading

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Fast Facts on Expiring Tax Cuts

Unless Congress acts before the end of 2010, federal taxes will increase substantially. Numerous proposals have been introduced to extend portions of the tax cuts. FACT: Based on a simulation of the Moody’s Analytics macroeconomic model, an across-the-board tax increase … Continue reading

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