Steve Bartlett of the Financial Services Roundtable speaks on financial reform

Steve Bartlett, President and CEO of the Financial Services Roundtable, speaks to the National Press Club on the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and its impact on the financial services industry, American economy and consumers. Bartlett's speech, entitled "The New Reality for Financial Services," is available online at: http://www.fsround.org/media/pdfs10/A_NEW_DAY_FOR_FINANCIAL_SERVICES7.15.10.pdf

Bartlett discussed steps taken by the financial services to promote financial stability and economic recovery. These efforts include:
Troubled Assets Relief Program: As of July 15, 2010, three fourths of TARP funds to the financial services industry had been repaid.
Mortgage Modification: As of June 2010, 3.2 million borrowers had their mortgages modified, with 77 percent having their payments reduced.
Small Business Lending: The top five banks have pledged to increase lending to small businesses by $12 billion in 2010.

To learn more about the Financial Services Roundtable, visit online at http://www.fsround.org/ or follow us on Twitter at http://twitter.com/fsroundtable

Category:

News & Politics

Tags:

• Steve Bartlett
• Financial Services Roundtable
• Dodd-Frank
• Wall Street Reform
• financial services reform
• TARP
• Troubled Asset Relief Program
• mortgage modification
• financial stability
• economic recovery
• National Press Club