FSR released the following statement following the Securities and Exchange Commission (SEC) vote today adopting structural reforms to money market mutual fund (MMMF) rules.
A new money market mutual fund (MMMF) rule being considered by the Securities and Exchange Commission (SEC) could have tax consequences that may negatively impact the ability for American businesses and other entities to get critical financing. FSR is calling on the SEC to halt its rule until the tax provisions are addressed.
American Banker: The Financial Services Roundtable and American Bankers Association are close to operating the .bank internet domain.
The Consumer Financial Protection Bureau’s proposal to post anonymous complaints from the public about financial services companies online would have significant ramifications that require a substantial period of time to analyze and consider.
At the Forefront of Technology and Finance
BITS, the technology policy division of FSR, addresses newly emerging technology and operational opportunities for the financial services industry. It has the expertise to help FSR’s members manage risk particularly in cybersecurity, fraud reduction and critical infrastructure protection. BITS helps shape public policy coming out of Washington and helps companies understand and stay ahead of the latest public policy issues. Because of its diverse membership, it facilitates collaboration to improve the e-commerce environment for member companies in ways that nobody else can.Read more
Advocating for Strength in the Housing Market
The Housing Policy Council is a division of FSR that advocates for the mortgage and housing marketplace interests of member companies in legislative, regulatory, and judicial arenas. HPC’s goal is to communicate the benefits of a fully competitive and integrated housing market to the American public. We work with regulators to represent our members’ interests in mortgage finance and housing issues to ensure the housing market continues to thrive and lending remains strong.Read more