“The government housing finance monopoly should end and the reform principles announced today are a positive step towards needed reform,” said Tim Pawlenty, CEO of FSR. “The time for reform is long overdue and we hope the broad, bipartisan support for the principles unveiled today helps propel action by the Senate. FSR looks forward to seeing a full bill from Senators Johnson and Crapo that would replace the GSEs with a private, capital-based secondary mortgage market."
Capital requirements for insurers outlined in Dodd-Frank should be tailored for the insurance business model, according to the Financial Services Roundtable (FSR). “Appropriate capital standards allow insurers to better serve their customers and invest in the long-term assets that facilitate economic growth and job creation,” said FSR CEO Tim Pawlenty.
At its quarterly Board of Directors meeting held earlier today, Junior Achievement USA® (JA) presented Financial Services Roundtable (FSR) with a 2012-2013 gold level U.S. President's Volunteer Service Award for providing the organization with significant volunteer resources during the year. FSR members provided Junior Achievement with over 15,000 volunteer hours.
“Increasing the cost of lending is the last thing this still fragile economy needs,” said FSR CEO Tim Pawlenty. “Layering costs onto one critical part of the economy will reduce lending to the growing businesses that will provide the new jobs needed to push the economy into higher gear."
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