In the News

Your Bank’s Website Is About to Change, and That’s Great for Your Cybersecurity

December 4, 2015

The website you visit for online banking may soon be changing.

In an effort to improve cybersecurity at banks, the Internet Corporation for Assigned Names and Numbers, which is the nonprofit organization responsible for managing the domains and web addresses across the Internet, has created a new domain name: .bank. It is only available for verified banks, credit unions, and other qualifying financial institutions.

Banks Urge Removal of Cyber Bill Provision Allowing DHS Oversight

November 12, 2015

President Barack Obama may have to decide whether it’s worth shutting down the government to protect tough rules for Wall Street.

Lobbyists for the biggest banks are trying to force the Obama administration into a game of chicken to see how far it’s willing to go to maintain industry reforms and some of the sweeping changes enacted in the Dodd-Frank Act of 2010. Despite Obama’s veto threats, they’re pushing lawmakers to include provisions that would roll back some of those changes in the end of year spending bill that has to be passed next month.

Candidates Should Talk About This Crisis

November 10, 2015

Presidential candidates are busy staking out positions on issues ranging from foreign affairs to the regulation of fantasy football. But one critically important issue has been largely overlooked in the campaign so far. It’s an issue that profoundly impacts the current or future well-being of nearly every American. The issue is the pressing need for Americans to better prepare for their retirement or life after they no longer are able to work.

Financial industry rallies behind controversial cyber bill

October 19, 2015

A group of prominent financial industry trade associations threw their support behind controversial cybersecurity legislation on Thursday.

“On behalf of our members, we are writing today to urge you to support the Cybersecurity Information Sharing Act (CISA) and … bring this important legislation to the Senate floor as soon as possible,” the coalition wrote in a letter to senators.

Obama Close to Imposing Hated Rule

September 25, 2015

President Obama is likely to see the implementation of a major new rule aimed at protecting retirement savings before he leaves office, despite opposition from the financial industry and several Republicans and Democrats.

Energy Lending Caught in a Squeeze

September 24, 2015

Banks are clashing with regulators over loan reviews that could crimp the flow of new credit to the oil patch.

The dispute is focused on the relatively narrow issue of loans secured by oil and gas companies’ reserves, but it highlights the much broader point of how postcrisis regulation of the financial industry is affecting sectors far from Wall Street.

On one side are the bankers who have been grappling with the plunge in oil prices and the need to shore up billions of dollars in credit extended to the energy industry. On the other are regulators eager to prevent another financial crisis while not knowing what it might be.

Can Tax Reform Save Retirement?

September 18, 2015

What could tax reform mean for the retirement struggle facing many Americans?

During an event hosted by the Financial Services Roundtable titled “The Squeeze on Gen X (The Sandwich Generation),” Rep. Peter J. Roskam, R-Ill., called for tax reform in 2017 as a way to help the sandwich generation’s struggle to save for retirement, while also caring for aging parents and paying for children to go to college.

“The tax reform debate has to be framed up with retirement in mind,” he said. “

Wall Street Rattles Washington

August 25, 2015

The stock market closed a wild Monday with the Dow Jones industrial average down over 500 points, setting off fresh fears about the health of the global economy.

The Wall Street drama quickly spread to the 2016 campaign trail and Washington, as flashbacks to the 2008 financial crisis drew responses from the political world.