Category Archives: Public Policy: Regulation

Scott Talbott Tells Marketplace That The Fed Needs To Reconsider It’s Debit Card Fee Propoosal

Financial Services Roundtable Senior Vice President of Government Affairs Scott Talbott last Thursday on the National Public Radio program Marketplace about the need for the Federal Reserve to reconsider its debit card interchange fee proposal because of the strong likelihood … Continue reading

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Roger Campos Is Right To Oppose The Fed’s Proposal On Interchange Fees




The New York Times today published a letter from Roger Campos, president and CEO of the Minority Business Roundtable, that’s right on the money about the Federal Reserve’s recent misguided proposal on debit card fees. As I said last week … Continue reading

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Americans Increasingly Using Debit Cards As Debit Card Fees Are About To Increase

The federal government is poised to impose price controls that will shift merchants’ operating costs for accepting debit cards to consumers. This will result in higher fees for consumers for debit cards at the same time that they are becoming … Continue reading

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Steve Bartlett: In Strong Defense of the Federal Reserve

As both a former Congressman, former owner of a small manufacturing company, and the CEO of the Financial Services Roundtable, I understand the value of price stability and full employment. I also fully understand that these goals cannot be reached through the politicization of the Federal Reserve and that the current debate, which has included both proposals to change the Fed’s mission and charges that border on demagoguery, runs the risk of compromising our central bank’s mission and weakening the economy. This absolutely cannot be allowed to happen. 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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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

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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

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Roundtable Encourages Fed-CFPB Coordination

According to CNN Money, the Consumer Financial Protection Board, the Treasury Department and the Federal Reserve are working together to speed the new financial rulemaking mandated under Dodd-Frank.

The Financial Services Roundtable supports this joint effort. We believe that all the agencies should work together and should be united on these common goals. 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 Dodd-Frank Rulemaking

Perhaps the most salient feature of the Dodd-Frank Act is the number of rulemakings required in a short period of time. The industry and regulators alike will need to coordinate to give adequate consideration to each rule and its impact on the economy and financial services sector. Continue reading

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