Advocacy

We support efforts underway in Congress and at the federal banking agencies to recalibrate the range of capital and liquidity requirements that apply to banks of all sizes, including Forum members, which are the largest and most diversified financial institutions headquartered in the United States.

We encourage government agencies to provide greater transparency into supervisory processes and better align U.S. regulatory standards with those agreed to by international regulators.  Striking an appropriate balance by weighing actual costs and benefits of regulation and supervision best promotes a robust financial sector domestically and abroad.

We support maintaining deep and liquid capital markets in the United States, which foster our sustained economic growth.

June 27, 2020

The Financial Services Forum along with nine other banking and credit union trade associations wrote to the leaders of the U.S. Senate Committee on Armed Services to support inclusion of the Anti-Money Laundering Act in the National Defense Reauthorization Act that is currently being debated in Congress.

May 29, 2020

The Financial Services Forum comments on an Interim Final Rule from the Federal Reserve to promote the ability of banks to support customers, communities and the economy during the COVID-19 pandemic.

The Financial Services Forum joined eight other banking and credit union trade associations in a letter calling on the Small Business Administration to fix the issues surrounding its loan processing program known as E-TRAN, which is the platform for all Paycheck Protection Program application submissions. The sooner this program functions properly, the sooner more small businesses are able to receive the assistance they critically need, the groups wrote.