In the News

USU Students Finalists in National Video Contest

February 12, 2016

Online voting has started for the Save 10 organization’s video contest. The nationwide contest invited contestants to create videos to encourage people to save for retirement with the winner receiving $10,000. When the top 10 finalists were announced, not just one, but two Utah State University students had their videos selected.


Congress Must Take Action on Retirement Income ‘Fiduciary Regulation’

February 9, 2016

A sweeping change that will hurt Americans’ ability to plan and save for retirement is on the agenda for the U.S. Department of Labor. It’s called the “fiduciary proposal,” a regulation that attempts to ensure Americans receive retirement security advice that is in their best interests.


WEDNESDAY BUZZ: THE RISE OF .BANK

January 21, 2016

The financial industry is rapidly adopting a new tactic in the fight against cybercrime. Plus: the state of frequent flyer perks.

Cybersecurity remains a key challenge for financial institutions, with cybercrime potentially threatening banks, investors, and customers alike. A number of measures have been adopted over the years to improve financial security, from EMV to basic best practices.

John Dalton: There’s still time to fix Fannie and Freddie

January 12, 2016

OpEd by John Dalton, President of the Housing Policy Council: It’s 2016, and since 2008, Fannie Mae and Freddie Mac have been in government conservatorship. Does that mean it’s time to give up on reforming the housing finance system? The answer is no. It is still possible to move away from this government-sponsored enterprise model and create a stronger system that makes affordable mortgages available to consumers, allows more competition and better protects the taxpayer from risk.


Podcast: Chris Feeney on Why Regulators, Agencies Need to Avoid Conflicting Advice on Cyber Guidance

December 28, 2015

Conflicting cybersecurity guidance from banking regulators and a federal agency is making it more difficult for CISOs to set priorities, says Chris Feeney, president of BITS, the technology and policy division of the Financial Services Roundtable. Regulators and agencies need to improve collaboration so they can send a consistent message about the best cybersecurity practices and the expectations CISOs should meet, he says in an interview with Information Security Media Group.

Final verdict on the cybersecurity bill

December 18, 2015

THE GOOD, THE BAD AND THE UGLY — After years of fighting over cybersecurity information sharing legislation, Congress is poised to send a bill to the president today as part of the omnibus spending package. The House Rules Committee blocked an amendment to strip the cybersecurity language, and the overall omnibus is expected to pass the House then clear the Senate. So what’s the verdict on the final product?


Why banks are ditching ‘.com’ for ‘.bank’

December 18, 2015

European banks have rushed to acquire the more secure domain name “.bank”, after more than 4,000 registrations were made in the U.S. for the web address.

So far, over 500 European financial institutions have signed up to have this special domain, and the reason is “consumer protection,” according to the chief executive of domain name seller, CentralNic.

The U.S. Department of Labor’s Misguided ‘Fiduciary’ Rule

December 15, 2015

By Mark Swartz, who offers securities through AXA Advisors, LLC and investment advisory products and services through AXA Advisors, LLC, an investment advisor registered with the SEC. // Both Democratic and Republican legislators have expressed concerns about proposed regulations from the Obama administration that will change the way Americans receive financial advice. The effect of these rules, if enacted as written, will be negative for savers in Northern Virginia as well as in the rest of the nation. They will disrupt an individual’s ability to access advice during the process of investment and retirement planning.