Legislative and Regulatory Priorities for 2013 Set by Financial Services Roundtable – NMP Skip to main content

Legislative and Regulatory Priorities for 2013 Set by Financial Services Roundtable

Feb 01, 2013

The Financial Services Roundtable recently announced its 2013 legislative and regulatory priorities, approved by its Board of Directors. “The Roundtable and its member companies are committed to public policies that promote safe and sound practices that benefit our customers and our communities,” said Scott Talbott, SVP of Public Policy for the Roundtable. “With the election of a new President and Congress, 2013 promises to be an active year for the financial services industry. Our focus of refining the Dodd-Frank Act will continue as the sole priority for the regulatory team, and we will actively seek legislative changes to a host issues, all under the lens of uniform national standards and core Roundtable principles.” Legislative Priorities for 2013: ►Dodd-Frank Act (DFA) Legislative Implementation ►Data Security & Privacy ►Credit/Debit Cards and Interchange ►Corporate Tax Reform ►Housing & GSE Reform ►Insurance Reform ►Retirement Security ►Consumer Financial Protection Bureau Regulatory Priority for 2013: ►Implementation of the Dodd-Frank Act The Financial Services Roundtable represents 100 integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. Roundtable member companies provide fuel for America's economic engine, accounting directly for $98.4 trillion in managed assets, $1.1 trillion in revenue, and 2.4 million jobs.
About the author
Published
Feb 01, 2013
Insuring The Risk To Lenders At Closing

Traditional protections like title insurance and closing protection letters may leave lenders exposed to significant settlement, funding, and fraud-related losses

CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place