USAA CEO: President Signs Bill with Amended Volcker Rule
President Obama has signed a sweeping financial services reform bill approved by Congress. Thanks to the support of USAA members, employees and friends, the new law provides consumer protections while preserving the way USAA serves its members. USAA believes the amended Volcker Rule provision – the most critical aspect of the law for USAA – will better serve consumers and our members. You can learn more about the Volcker Rule in USAA's Newsroom. We're gratified that congressional leaders clearly heard your voices in crafting this legislation. Sen. Jeff Merkley, D-Ore., Sen. Carl Levin, D-Mich., and, in particular, Sen. Kay Hagan,...
Published on Monday 6th of September 2010 07:54:42 AM
Your Outreach Helps Open the Door for Potential Legislative Changes
Dear (JJ): A few weeks ago, I asked you to urge your U.S. senators to amend their financial services reform legislation to eliminate the impact of the Volcker Rule on insurance company investment portfolios. Thanks to the more than 750,000 e-mails and phone calls generated by USAA members, employees and friends, there is now widespread and bipartisan understanding that an amendment to the Volcker Rule would be good for consumers. I am writing today to let you know that the Senate has approved its legislation and directed a committee crafting the final bill to specifically consider the concerns you raised....
Published on Monday 6th of September 2010 07:54:42 AM
U.S. STRATCOM Cautions Against Phishing Scam
Officials of U.S. Strategic Command, in short STRATCOM, are reiterating caution for countering incidences of identity theft on the Internet, following the discovery of a widely spreading 'phishing' scam that's targeting service members. Phishing, which is described as the practice of tricking people into giving away their private information like account numbers or passwords online, is usually carried out through phishing e-mails. During May 2009 to March 2010, a number of fake e-mails were delivered into the inboxes of financial clients belonging to Navy Federal Credit Union and USAA, said STRATCOM officials via one recently published news report. Standard.net reported...
Published on Monday 6th of September 2010 07:54:42 AM
Senate Bill Advances; USAA-backed Changes Set for Conference Committee Debate
The U.S. Senate has approved its financial services reform legislation and directed a conference committee to specifically consider the concerns raised by USAA members and employees. S.3217 was approved by the Senate Thursday night, setting up a conference committee of senators and representatives to reconcile differences between the Senate's bill and a financial reform bill approved by the House of Representatives last December. In calling for a final vote on S.3217, Senate Majority Leader Harry Reid, D-Nev., directed the Senate to consider specific instructions for the Senate's representatives on the conference committee. Those instructions will include the need to recognize...
Published on Monday 6th of September 2010 07:54:42 AM
USAA CEO: We’re Requesting Your Help Once Again
Dear JJ: A few weeks ago, I asked you to urge your senators to amend a portion of the Restoring American Financial Stability Act of 2010 (S.3217) currently pending in the U.S. Senate. Today, I am writing to thank you for your efforts and inform you that your concerns were heard. Your outreach sent a strong message to the Senate and prompted the introduction of an amendment that addresses the concerns of USAA and our valued members. As you now know, the Senate has been debating this sweeping financial reform bill which includes a provision, known as the Volcker Rule,...
Published on Monday 6th of September 2010 07:54:42 AM
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William McKinley: US president was shot by an anarchist; he died eight days later (1901)
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