In the News

House Passes Bill to Extend Veteran Foreclosure Protection

March 23, 2016

The House of Representatives passed S. 2393 yesterday to extend the one-year protection from foreclosure in the Servicemembers Civil Relief Act.
The Senate already signed the bill in 2015, and will extend relief to veterans through 2017.

USU student wins $10K for creative musical video

March 9, 2016

A Utah State University student snagged $10,000 Tuesday after winning a national video contest promoting saving for retirement.

Providence resident Paige Rood entered the Save 10 $tories Video Contest last fall while enrolled in an economics class.

USU student wins $10,000 grand prize in national video contest

March 8, 2016

Utah State University student and Providence native Paige Rood was awarded $10,000 when national financial education initiative Save 10 announced its video contest winner today. The nationwide contest invited the contestants to create short videos that encourage people to start putting aside 10 percent of their money to retirement.

FinTech Convergence, Not Collision

March 3, 2016

It may not be obvious to consumers, but the financial and tech industries are converging in the digital world as new technologies offer added convenience, security, and opportunity. This process has given rise to a now-common term – FinTech.

FinTech foreshadows what the convergence of these two industries will mean in the near future: It’s not just “TECH companies getting into FINancial services,” it’s really “FINance and TECHnology evolving in a shared universe,” and that’s a universe based on rules that prioritize the trust consumers have today in their financial providers with the converged FinTech providers of tomorrow.

Financial Industry Looks to Automate Information Sharing for Cybersecurity Risks

February 25, 2016

Now that the federal government is encouraging companies to voluntarily share information about the cybersecurity threats they face and the steps they are taking to mitigate those risks, the financial services industry wants to continue to automate that sharing process.

Over the past few years, the financial industry has taken steps to automate the process but should continue down that path, according to John Carlson, chief of staff at the Financial Services Information Sharing and Analysis Center, or FS-ISAC, the financial industry’s global clearinghouse for cybersecurity and physical threat intelligence analysis and sharing.

Hearing planned next month on cyber insurance

February 25, 2016

The House Homeland Security Committee will hold a hearing in the next month on bolstering cyber insurance, an aide said today.

The committee has been meeting with industry and now plans “a hearing in March trying to figure out how to go from here, and how to build a robust cyber insurance market,” said Brett DeWitt, cybersecurity staffer for the panel.

BYU Student Finalist in Video Contest

February 17, 2016

Brigham Young University junior Catharine DeLong is one of four women from Utah selected as a top 10 finalist in the nationwide Save 10 Stories Video Contest. The contest includes video submissions showcasing creative ways that anyone can save 10 percent of their income toward retirement.