Save 10, a coalition and financial education initiative founded by the Financial Services Roundtable, will open public voting on the top 10 videos in its the Save 10 Video Stories contest on Wednesday, February 10. Finalists in the top 10 are from around the country, including Utah, Illinois, Massachusetts, Ohio, Colorado, Kansas and California.
FSR applauded U.S. House lawmakers this week for advancing legislation intended to ensure an Administration rule does not harm low to moderate income Americans’ ability to save adequately for retirement, as well as significantly restrict their access to financial savings advice.
Early in my federal government career, I worked for a time in England. There I learned the humor—and truth—of the old maxim that “England and America are two countries separated by a common language.” Similarly, since entering the private sector at FSR last year, I’ve realized that when government and industry communicate, we may use the same words, but we sometimes don’t mean the same thing.
FSR is urging the International Association of Insurance Supervisors (IAIS) to alter a framework that will likely be an inaccurate measure of the economic risk that certain insurance companies pose to the economy. This could later harm consumers by restricting access to certain financial products, FSR explained in a new letter to regulators.
The financial industry is rapidly adopting a new tactic in the fight against cybercrime. Plus: the state of frequent flyer perks. Cybersecurity remains a key challenge for financial institutions, with cybercrime potentially threatening banks, investors, and customers alike. A number of measures have been adopted over the years to improve financial security, from EMV to basic best practices.