In the News

A controversial new rule could affect your 401(k)

March 13, 2014

“We are not quite finished. We haven’t made all of our decisions,” said Phyllis Borzi, the assistant secretary of the Employee Benefits Security Administration, in remarks at a Financial Services Roundtable event. “August is our goal.”

Stores, Banks team up to Fight Hackers

February 13, 2014

The two sectors have repeatedly sparred in the past, but when it comes to preventing people from hacking into financial data, “you can’t really make it better or improve it unless you look at it comprehensively,” said Tim Pawlenty, chief executive of the Financial Services Roundtable.

Pawlenty hires Dem chief of staff at Roundtable

February 5, 2014

The Financial Services Roundtable has hired Francis Creighton, the chief of staff to Sen. Chris Murphy (D-Conn.), as its top lobbyist. He told The Hill he is ready to “try something new and different” after serving in Murphy’s office since 2009.

Time to Strengthen Our Collective Cyber-Defenses – American Banker Op-Ed

January 27, 2014

Right now, cyber-attackers in far-flung countries and here at home are scheming to steal money and data. They desire to wreak havoc on our nation’s banks, power plants, hospitals and retail stores. Recent data breaches at retailers are a grave reminder that a cyber-attack on one company can have ripple effects across the economy. We must collectively combat these threats, and the time to act is now.

US Senators push for Fannie & Freddie wind-down

January 8, 2014

US senators Bob Corker and Mark Warner on Wednesday made another push for their legislation to wind down Fannie Mae and Freddie Mac, saying the opportunity to resolve the ownership of the mortgage finance agencies bailed out during the financial crisis should not be squandered.

Bankers Say Agencies’ Answer on CDOs Under Volcker Falls Short

December 19, 2013

Fine’s group, the ABA and the Financial Services Roundtable sent letters to regulators this week seeking guidance before the end of the year on the rule adopted by the Federal Reserve, Federal Deposit Insurance Corp. and three other agencies on Dec. 10.

Cordray Confirmed as CFPB Director

December 19, 2013

The Senate Tuesday confirmed the appointment of Richard Cordray as the director of theConsumer Financial Protection Bureau, nearly two years […]