Financial Services Roundtable News

Financial Firms Want More Time to Review U.S. Consumer Complaint Proposal

The federal government is proposing a new policy that would allow consumers to publicly post their complaints about consumer financial products and services. Under the proposal by the Consumer Financial Protection Bureau (CFPB), consumers would have the option to share …

Financial Services, Retail Groups Team Up on Cybersecurity

U.S. banks and retail groups announced on Thursday that they are joining forces to work on cybersecurity, a sign they are trying to move past recent squabbles over who is to blame for data breaches. The Financial Services Roundtable, Retail …

Financial Firms Tie Support for Consumer Chief Cordray to Bureau Reforms

The Financial Services Roundtable says it will support the confirmation of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB), provided Congress makes changes to CFPB’s structure. “Our members strongly believe the CFPB should operate under a more democratic …

Resolve Fiscal Cliff Now, Deal with Deficit Later: Financial Services CEOs

The nation’s financial services executives are urging President Obama and Congress to resolve the “fiscal cliff” challenge of automatic tax hikes and budget cuts right away, then deal with the federal deficit in early 2013. In a letter to the …

Pawlenty to Head Financial Services Roundtable

Former Republican presidential hopeful Tim Pawlenty will become the head of the Financial Services Roundtable, a U.S. financial services lobbying group that represents JP Morgan Chase & Co. and Wells Fargo & Co., among other financial companies, the group said …