FSR In Focus

Insight from industry leaders, bringing color and scope to topics like cybersecurity, housing finance, regulatory tailoring, tax reform, economic growth, FinTech innovation, and more.

Snapping Consumers Out of the Data Security Malaise

May 25, 2016

Desensitize: To cause someone to react less to or be less affected by something. Syn: Deaden, numb, blunt.

In the context of how consumers feel when they hear of yet another major data breach that’s compromised some aspect of their personal information, I’d add the following: frustrated, angry, resigned, worried.

Captain Balances Deployment, Small Business with an Assist from Wells Fargo

May 23, 2016

Small businesses are faced with challenges big and small every day. For some it’s making payroll, and for others it’s employee turnover. For Capt. Thomas Feiter (pronounced “Fighter”), it was a 12-month deployment to Kuwait and Afghanistan in 2013–14, just a year and a half after starting his law practice.

MegaTrending: #Economic Insecurity

April 27, 2016

The other day, I read an article by an acclaimed writer who boldly admitted his private humiliation: he’s one of 47% of Americans the Fed reports would have trouble coming up with $400 to pay for an emergency. The article, “The Secret Shame of Middle-Class Americans” describes his personal financial struggles to keep up an image of prosperity, while quietly stressing about paying the bills.

INFOGRAPHIC: Why Should I Care About Financial Literacy Month?

April 19, 2016

Financial literacy is one of the highest priorities for FSR and its member companies. A broad understanding of financial concepts is crucial to maintaining financial stability and expanding opportunity. April is Financial Literacy Month and FSR is working on several exciting financial literacy initiatives. Tomorrow, FSR will host an event focused on technology, financial literacy, and underserved populations. FDIC Chairman Gruenberg is the keynote speaker and a panel discussion will feature industry and non-profit financial literacy leaders. Why should you care about financial literacy? Check out this infographic below and be sure to share with your friends!

The Rules of the Road for Retirement are Changing, but for the Better?

April 19, 2016

This month the U.S. Department of Labor released its controversial “fiduciary rule” which impacts the sale of retirement income products, such as an Individual Retirement Account (IRA), and is intended to ensure the product purchased is in the customer’s best interest. The rule is 1,023 pages and will dramatically reshape the delivery of retirement account advice and services in short order.

Filing Taxes Online? Protect Yourself From Tax Scammers and Identity Theft

April 14, 2016

With the tax filing deadline less than a week away, millions of Americans are scrambling to file their taxes online. But in a rush to meet this year’s deadline, you may be an increasingly vulnerable target for tax scammers looking to steal your identity. As the financial services industry continues to innovate and become more technologically advanced, hackers are changing their tactics and moving online in larger numbers. Fake emails and phony online forms have become common tools among hackers targeting industry and taxpayers alike.