Testimony, Speeches and Presentations

Debevoise Memo to FSR on DOL Fiduciary Rule

February 17, 2015

FSR releases a report explaining the negative consequences that the Department of Labor’s soon to be proposed fiduciary rule could have on lower and moderate income Americans as they try to plan for retirement.

CFPB and FSR Launch Joint Initiative to Promote Financial Education

January 28, 2015

The Consumer Financial Protection Bureau (CFPB) and the Financial Services Roundtable (FSR) are launching a nationwide public-private initiative to promote and encourage effective financial education, and to collaborate on other efforts to increase financial literacy.

FSR Statement re: “Examining How Washington Red Tape Impairs Economic Freedom” – 4/8/14

April 8, 2014

The member institutions of FSR believe strongly that there is a proper role for regulation in the financial services sector, to protect consumers and to protect the entire financial system. There are, however, regulatory burdens that pressure our members to stop offering financial products that are safe for our institutions, and provide a needed service for our customers.

Joint Amicus Brief re: Economic Substance Doctrine, 03/31/14

March 31, 2014

As originally conceived by this Court, the economic substance doctrine imposed a narrow restriction on what the government otherwise concedes is lawful activity: a taxpayer may not claim tax benefits from a transaction that generates “nothing of substance” other than those tax benefits.