Financial Services Roundtable Joins Up With Homeowner Group to Urge Extension of Mortgage Debt Forgiveness Tax Relief

By: Thursday November 29, 2012 4:00 pm

It’s not often that the homeowner advocates at the Center for Responsible Lending and the bank lobbyists at the Financial Services Roundtable agree on anything. But they’re teaming up on urging Congress to extend the Mortgage Forgiveness Debt Relief Act, which would continue the foreclosure crisis-era policy of forgiving payment of taxes on debt forgiveness like a principal reduction or a short sale.

In letters to the Senate Finance Committee and the House Ways and Means Committee, which have jurisdiction over tax law, CRL and the FSR describe the debt relief law as “critical to helping homeowners and communities struggling with the ongoing foreclosure crisis.” They also note that failing to extend the law would threaten a housing recovery.

 

Pawlenty Jumps Ship, Takes Top Lobby Job at Financial Services Roundtable

By: Thursday September 20, 2012 7:30 am

Pawlenty isn’t being chosen by the Financial Services Roundtable for his vast knowledge of financial services. He was chosen because he has a familiar name to members of Congress and he can get into offices and lobby them with relative ease. This is the whole point of the revolving door – find someone with contacts and name recognition and use that as a lever to get your lobby’s goals into the Congressional consciousness.

Bank Group Says Agencies Should Use Delay and Weak Regulations to Undermine the Volcker Rule

By: Thursday February 16, 2012 11:30 am

The Volcker Rule limits the ability of giant banks to destroy the economy. Their tool lobbyists explain how bankers stand for Truth, Justice, and the American Way of making money with taxpayer guarantees.

Warren Confronts Financial Services Roundtable with Their Own Idea for Consumer Protection

By: Thursday September 30, 2010 7:01 am

Newly minted Assistant to the President and Special Advisor to Treasury Elizabeth Warren, known for her combative stance against the predatory practices of the big banks and lenders, opted for a conciliatory speech in the proverbial belly of the beast. She sought common ground at the Leadership Dinner of the Financial Services Roundtable on the consumer protections she will help shape for the new bureau created as part of the Dodd-Frank law.

How a Previously Qualified Elizabeth Warren Became Unqualified, According to a Previously Progressive Chris Dodd

By: Wednesday August 18, 2010 3:45 pm

I guess the only question this chronology leaves is whether or not Sen. Chris Dodd D-CT) is acting at the behest of his future employers, the banks, the White House, or both.

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