Lending and Leasing

FSR Advocates on behalf of members that provide consumer and small business loans and leases, mortgage lending and servicing, as well as members that invest in these assets.

Operation HOPE Hosts Financial Summit on Importance of Homeownership in Atlanta

October 15, 2013

John H. Dalton, former Secretary of the Navy and current President of the Housing Policy Counsel for the Financial Services Roundtable will co-chair the upcoming HOPE Global Financial Dignity Summit (Summit) working group session titled, “Building Wealth through Homeownership, Post Crisis.” The Summit will be hosted from the Georgia International Convention Center in Atlanta, Georgia, on November 13 and 14.

Fed’s Yellen seen winning Senate approval after vigorous debate

October 9, 2013

Tim Pawlenty, a former Republican Governor of Minnesota who sought his party’s nomination for president in 2011, said she was “a talented economist who will bring a wealth of experience to the job,” in a statement on behalf of the Financial Services Roundtable, of which he is president and chief executive.

Banks Hit 85% of Small Business Lending Goal Before Deadline

September 24, 2013

Guidance issued today by federal bank regulators leaves open questions that will result in negative unintended consequences from the finalized Volcker Rule. The provision clarified today regarding trust preferred securities (TruPS) will likely result in significant losses for financial institutions.

Housing Policy Council Makes Strong Push for Housing Reform

September 11, 2013

The Financial Services Roundtable’s Housing Policy Council (HPC) President John Dalton urged Congress to continue working toward bipartisan legislation that would reform the housing finance system and create a future secondary mortgage market. Dalton made his remarks in a speech to the American Mortgage Conference in Raleigh, North Carolina.

Pawlenty: Regulators Risk Limiting Credit for Consumers

August 14, 2013

U.S. financial regulators risk limiting the credit available to consumers if they continue to press banks to hold ever-higher levels of capital, Financial Services Roundtable head Tim Pawlenty said in an video interview with The Wall Street Journal.

Fear of Boomerang Mortgages Still Hinders the Market

August 8, 2013

Late last year, the Federal Housing Finance Agency announced a new framework for representations and warranties – the underlying facts that ensure a loan will perform well – on loans sold to the government-sponsored enterprises, Fannie Mae and Freddie Mac. The framework is an attempt to define, at a strategic level, some key boundaries guiding the GSEs in their purchase of quality loans.

Obama praises bipartisan housing finance effort

August 6, 2013

John Dalton, president of the Housing Policy Council at the Financial Services Roundtable, wrote in American Banker that the Corker-Warner proposal may be “the key” to unlocking legislative action on this issue.

Mortgage Rules Under the Equal Credit Opportunity Act Letter, 07-22-13

July 22, 2013

The Financial Services Roundtable’s Housing Policy Council1 (“HPC”) is pleased to comment on the proposed rule of the Consumer Financial Protection Bureau (“Bureau”) for amendments to the Equal Credit Opportunity Act (Regulation B), Real Estate Settlement Procedures Act (Regulation X), and the Truth in Lending Act (Regulation Z).