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.

Who Puts an IRA on their Holiday Wish List?

December 10, 2015

I recently wrote about taking some time to remember yourself this holiday season. I noted that the average American spends $765 on holiday gifts and how by taking just a small amount of that to put into a retirement account — say $50 a month — can grow to thousands of dollars if you start early enough.

History Lessons: The Data Security Legislative Fight Has Changed

December 9, 2015

3,555.

That’s the number of days it has been since the House Financial Services Committee last passed pro-consumer data security legislation that would help stop data breaches. Today, the Committee passed H.R. 2205, the Data Security Act, authored by Reps. Neugebauer (R-TX) and Carney (D-DE), by an overwhelming vote of 46-9.


Let’s Escape From This PIN Sideshow for Better Data Security

December 9, 2015

Protecting consumers’ data with strong security requirements continues to be a key focus on Capitol Hill, with an important Committee markup happening this week on related legislation.

The retailer trade associations continue to try and make a mess out of this very important issue. In one recent instance, they even suggested that protecting consumers from data breaches is optional, even though financial institutions have been required to uphold very high standards of protection for at least 15 years. They’re also suggesting that the law’s explicit data breach notification program that federal regulators have used to protect customers are merely discretionary.

The International Impact of .BANK: 11 Percent of Global Registrants

December 3, 2015

U.S.-based banks quickly leapt to acquire .BANK domain names when they became available in May 2015. They did so for a variety of reasons: increased security, mandatory verification, cohesive branding and to provide a trusted online experience for their customers.


BITS Offers Tips for Shopping Online Safely this Holiday Season

December 2, 2015

A new AARP Fraud Watch Network survey recently found that almost 70 percent of consumers failed a quiz about staying safe from common holiday scams. Consumers failed in categories including staying safe during charitable giving, gift cards, package deliveries, and use of public Wi-Fi.
During the last quarter of the year, the duration of cyber attacks can increase as cyber criminals attempt to take advantage of online holiday shopping and the potential for greater financial impact.


2016 Democratic Candidates Should Address America’s Retirement Challenge on Saturday

November 13, 2015

by Alison Hawkins, VP of Communications at FSR:America faces many big challenges, from homeland security to the best way to reduce income inequality. The 2016 presidential race is providing Americans important opportunities to have a dialogue on what matters. One issue of critical importance -to families and to the whole economy- is the looming retirement savings challenge we have coming our way.


The Giant in Dodd-Frank

October 30, 2015

It is no secret that the financial services industry was somewhat apprehensive about the passage of the Dodd-Frank Act in 2010. Although some of the reforms in the law were certainly necessary, its sheer size and scope guaranteed that no one could fully anticipate its impact.

Hey Baby, Get Ready to Save!

October 30, 2015

Our industry is hard at work finding new and creative ways to get Americans to save more for retirement. So it was great to see the Voya Born to Save© campaign launch last week to help celebrate National Save for Retirement Week (now also known as National Retirement Security week).

Our industry is hard at work finding new and creative ways to get Americans to save more for retirement. So it was great to see the Voya Born to Save© campaign launch last week to help celebrate National Save for Retirement Week (now also known as National Retirement Security week).