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Banking With Interest
35 minutes | 5 days ago
“Cannabis curiosity”: Why Bankers Are High on Pot Banking
Tony Repanich, a former community banker turned cannabis compliance expert, talks about the business opportunities available for banks—as well as the potential pitfalls. He also tackles the House’s recent passage of legislation to protect banks helping legal pot firms and its prospects in the Senate.
43 minutes | 12 days ago
“A Heist in Broad Daylight”: How Thieves Stole $55M in Cryptocurrency
Matthew Leising, a reporter for Bloomberg News, talks about his book “Out of the Ether,” which details a daring heist in which Internet thieves stole tens of millions of dollars worth of Ethereum. He talks about how they did it, the development of Ethereum as a cryptocurrency and what the heist says about its future.
44 minutes | 19 days ago
The Future of Financial Oversight? Inside the CSBS’ “Networked Supervision” Plan
John Ryan, the president and CEO of the Conference of State Bank Supervisors, and Charlie Clark, the director of the Washington State Department of Financial Institutions, discuss state bank regulators’ new effort to retire the siloed state-by-state system of financial services oversight. The new system expands state regulators’ successful mortgage licensing system to cover the entire bank as well as nonbank companies.
30 minutes | a month ago
‘It's Going to Be a Knife Fight’: Lending Club CEO Sanborn on Banking Ambitions, Market Outlook
Scott Sanborn, CEO and president of Lending Club, talks in-depth about why the prominent fintech opted to buy Radius Bank earlier this year and how that move is transforming the company. He also talks about how competition will heat up in the peer-to-peer lending space as the pandemic ends.
41 minutes | a month ago
East West’s Ng on U.S.-China relations, COVID recovery and violence against Asian Americans
Dominic Ng, the chairman, president and CEO of East West Bank, talks about the evolution of his institution from a small thrift serving Chinese immigrants to a regional powerhouse with a key window into China. He offers advice on how the Biden administration should approach China, as well as his views on the disturbing rise in violence and discrimination against Asian Americans.
38 minutes | 2 months ago
Is the U.S. Debt Level Too High—or Too Low?
David Andolfatto, a senior vice president in the research division at the Federal Reserve Bank of St. Louis, goes beyond the politics of the U.S. debt to tackle what it is, whether it’s a problem, and what steps policymakers should be taking now. Along the way, he challenges common assumptions about the debt level and the debate around it.
29 minutes | 2 months ago
The Fintechs Trying to Break Into Banking
Several prominent fintechs, including Square, Varo Money, Lending Club and SoFi, have either chartered or bought banks recently. Kevin Wack, an award-winning reporter for American Banker, breaks down the different ways fintechs are trying to get into banking, how successful they are likely to be and why many bankers are so angry about it.
45 minutes | 2 months ago
A Year in a Pandemic and a Day That Changed America
March 11, 2020, was the day that many Americans began to realize COVID was going to radically change their lives, as businesses transitioned to work from home and the U.S. stopped all travel to Europe. Several bankers had a front-row seat to the events of that day at a White House meeting with President Trump and his advisers. We talk with three participants—Rob Nichols, head of the American Bankers Association, Rebeca Romero Rainey, CEO of the Independent Community Bankers of America, and Richard Hunt, leader of the Consumer Bankers Association—to go behind the scenes about that meeting, what they would advise President Biden now and the impact COVID has had on the financial services industry.
44 minutes | 2 months ago
How the Fed Created the “Engine of Inequality” — And How We Can Fix It
Karen Shaw Petrou, noted bank analyst and author of the new book “Engine of Inequality,” details how the Federal Reserve’s monetary policy and overaggressive bank regulation following the financial crisis have worsened economic inequality. She also discusses how policymakers can reverse course.
58 minutes | 3 months ago
Tarullo on the Future of the Fed, Banking
Daniel Tarullo, a former Federal Reserve governor and one of the key architects of the post Dodd-Frank bank regulatory regime, sits down for a wide-ranging interview on the challenges facing banks and their regulators right now. He talks about Big Tech and banking, climate change, the need for money market mutual fund reform, and the greatest risks to the financial system right now. He also tackles whether President Biden should go big on stimulus or instead worry about the resurgence of inflation and whether the Fed has taken on too much responsibility.
37 minutes | 3 months ago
Should Bankers Really Be “Scared Shitless” of Fintechs?
Jamie Dimon, the chairman and CEO of JPMorgan Chase, raised some eyebrows last month with his direct assessment of the threat posed by fintechs to banks. But is he right? Penny Crosman, the executive editor for technology at American Banker, talks through why Dimon made that assessment and how it relates to the Durbin amendment, where fintechs are ahead of banks, and the areas banks still have key advantages.
32 minutes | 3 months ago
Will COVID Cause Another Mortgage Crisis?
The housing market has remained resilient in the face of COVID-19, but will that continue as forbearance moratoria run out and stimulus checks can no longer cover rent and mortgages? Richard Weidel, the CEO of Princeton Mortgage, talks about how mortgage firms have responded to the virus, whether it will make lasting changes in the mortgage process, and if we’re headed for another housing crisis.
33 minutes | 3 months ago
Is It Time for Banks to Get Serious About Bitcoin?
Patrick Sells, the head of bank solutions for NYDIG and the former chief innovation officer of Quontic Bank, talks about consumers’ growing interest in storing Bitcoin at their local bank, why he helped create a rewards card tied to the cryptocurrency, and whether its incredible volatility is an impediment to its use.
34 minutes | 4 months ago
A Bankers’ Guide to a New Administration, Senate
Ian Katz, a bank policy analyst at Capital Alpha Partners, tackles the big questions banks have about a new administration and Congress. Will Sen. Sherrod Brown be able to enact his agenda as chairman of the Senate Banking Committee? How will Gary Gensler guide the SEC? What will new leadership at the OCC and CFPB tackle first? All this and much more on the latest episode of Banking with Interest.
42 minutes | 4 months ago
What Complete Democratic Control of Washington Means for Banks, Fintechs
Raj Date, the managing partner of venture capital firm Fenway Summer and former acting director of the CFPB, talks about the attack on the U.S. Capitol, the change of control in the Senate, how fintechs are faring during the COVID crisis, and where we go from here.
50 minutes | 4 months ago
Bonus Episode: The Secrets of Golf with Golfing Channel’s Rich Lerner
Golf Channel Play-by-Play Host Rich Lerner sits down with IntraFi’s Barb Rehm to talk about how professional golf has changed over the years, what players he’s watching now, and what the future of golf might bring. He also offers lessons from the top golfers and how bankers might benefit from them.
33 minutes | 5 months ago
The “Precedent-Shattering” Charter Application That Has Banks on Edge
Greg Baer, president and CEO of the Bank Policy Institute, details why many in the industry are opposing fintech Figure’s recent application to charter a national bank and how it fits into a larger debate over Big Tech and banking. He also discusses his concerns with the OCC’s recent fair lending proposal and why he objects to stress testing for climate change.
30 minutes | 5 months ago
Inside the Surprise Battle Over the OCC’s Leadership
The Office of the Comptroller of the Currency is in flux. President Trump just nominated Acting Comptroller Brian Brooks to serve as the leader for a five-year term, but it’s not clear he can be confirmed in time, or that the Biden administration will keep him there even if he is. American Banker reporter Brenden Pedersen gives the inside scoop on the Trump administration’s 11th-hour gambit, how President-elect Biden is liable to respond, and the impact the leadership battle will have on CRA, the proposed payments charters and more.
26 minutes | 5 months ago
What Kind of Senate Banking Committee Chairman Would Pat Toomey Be?
If Republicans keep control of the Senate, Sen. Pat Toomey is expected to lead the banking panel for the next two years. What would his priorities be? Is he going to push legislation or pursue an oversight agenda? How will he treat nominees from President-elect Biden? We talk to Christopher Gahan, the former chief of staff for Sen. Toomey, to find out more about what bankers can expect.
26 minutes | 6 months ago
How COVID Will Change Cities and Consumers
Paula Roberts, U.S. Consumer Economist for KKR, talks about her research into how the pandemic is changing cities and the behavior of consumers. She tackles tough questions—are cities in jeopardy as a result of COVID? Will Millennials ever want to work in an office again? How will COVID permanently change consumer habits and expectations?
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