Category Archives: News Center

Reforming the Reform

Reforming the Reform Two years after the passage of the Dodd-Frank Act, both sides of the aisle can agree that the law is in need of some vast improvements. On July 21, the Dodd-Frank Act (DFA) will pass the two … Continue reading

Posted in News Center, Public Policy: Legislation, Public Policy: Regulation, U.S. Economy | Comments Off

BITS Releases Social Media Framework for Financial Services

BITS, the technology policy division of The Financial Services Roundtable, has released “Social Media Risks and Mitigation,” a framework for financial institutions adopting social media and a guide to managing related security risks. “Financial services customers are using social media … Continue reading

Posted in News Center | Comments Off

As Usual, Roundtable’s Scott Talbott Tells It Straight And Accurate

Scott Talbott, the Financial Services Roundtable’s senior vice president for government affairs, said in a just-published interview in CEO Update that representing the Roundtable in Washington requires three things: honesty, accuracy and speed.  The people you work with on Capital … Continue reading

Posted in News Center | Comments Off

Financial Services Industry helps 3.6 million consumers in 56,582 Community Service Projects

Over 56,000 projects. More than 100,000 volunteers. Over 3.6 million people served. That is what the member institutions of the Financial Services Roundtable reported in Community Service for the 3rd quarter of 2010. Continue reading

Posted in Community Service, Financial Literacy, News Center | Tagged , | Comments Off

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 , | Comments Off

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 , | Comments Off

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

Posted in News Center | Tagged , , | Comments Off

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 , , | Comments Off

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

Posted in News Center | Tagged | Comments Off

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 | Comments Off