Shows
Banking with InterestAfter a Fraud, this Bank Refused to Give Her Money Back. Now She’s the CEO.While serving in the Oklahoma National Guard, Jill Castilla returned home to find a family member had stolen her money. The bank refused to give her the money back. Decades later, she now leads that bank, Citizens Bank of Edmond, and has used it to launch a digital bank aimed at servicemembers to ensure others don’t suffer the same fate. She also talks about the policy challenges facing community banks right now, how to fix them, and why she remains optimistic about the future.2025-05-2039 min
Banking with InterestPolitico's Sutton on China Tariff Deal, Behind the Scenes at MilkenSam Sutton, the author of Politico's Morning Money, discusses the impact of the Trump Administration's recent deal to reduce tariffs on China, and what Wall Street and bankers were worried about — publicly and privately — at last week's Milken Institute gathering. 2025-05-1424 min
Banking with InterestInside Dems Surprising Turn Against the Stablecoin BillBrendan Pedersen, author of Punchbowl News’ The Vault, talks about why key Democrats withdrew support for a bill to regulate stablecoins, how House Financial Services Committee GOP are targeting CFPB, and why an effort to overturn the medical debt rule appears to have failed for now.2025-05-0646 min
Banking with InterestIs This the End of the Fed and CFPB As We Know Them?President Trump is flirting with the idea of firing Fed Chairman Jerome Powell while the administration is attempting to lay off 90% of the CFPB’s employees. John Heltman, Washington bureau chief of American Banker, and Kate Berry, the paper’s consumer reporter, discuss what’s next for these two agencies.2025-04-2936 min
Banking with InterestHow Tariffs Impact Banks, Bessent’s Ambitious Agenda & Stablecoin FearsJaret Seiberg, managing director at TD Cowen, talks about how the uncertain economic environment—and changing policies regarding tariffs—are impacting banks large and small. He also tackles Treasury Secretary Scott Bessent’s bank regulatory agenda, whether the Trump administration can successfully accomplish GSE reform and the significant risks to banks from stablecoin legislation.2025-04-1631 min
Banking with InterestWhy State Regulators Are Worried About Stablecoin LegislationBrandon Milhorn, the CEO of the Conference of State Bank Supervisors, details his concerns about bills fast-tracked in Congress that would give regulatory guardrails for stablecoins. The state regulators he represents say it would open the door to mixing banking and commerce, disintermediate banks and give too much power to the federal government.2025-04-0837 min
Banking with InterestWhat the Hell Is Going on with the GSEs? Katy O’Donnell, the financial services reporter for Politico, dives into a series of surprising moves by new FHFA Director Bill Pulte, including firing the CEO of Freddie Mac, appointing himself chair of both GSEs, and cutting programs.2025-04-0227 min
Banking with InterestWhat the Hell is Going On: CDFI, CFPB EditionThe Trump administration unexpectedly targeted the Community Development Financial Institution Fund, touching off concern among bankers and their representatives that the bipartisan program could be eliminated. Ryan Tracy, who covers financial regulation and banking for Capitol Account, explains what happened, why, and the future of CDFIs. We also discuss the latest legal maneuvers surrounding the CFPB, what Fed Gov. Michelle Bowman’s nomination as vice chair for banking supervision means for community banks and more.2025-03-2629 min
Banking with InterestHow Treasury’s Bessent Is Upending Bank RegulationNot that long ago, the Treasury secretary mostly took a back seat to the banking agencies in crafting policy, stepping in only during times of crisis. Not anymore. Karen Shaw Petrou, managing partner of Federal Financial Analytics, discusses Treasury Secretary Scott Bessent’s expansive view of his own role, why he’s taking charge, and what it means for banks.2025-03-1831 min
Banking with InterestZelle Chief on Fraud, Friction and Future Cam Fowler, the CEO of Zelle parent company Early Warning Services, talks about the peer-to-peer payment system’s rapid growth, the furor around fraud, and its new digital wallet, Paze. Fowler explains how the company is working to make the platform safer for consumers and why he believes shared accountability is the best approach to stopping criminals.2025-03-1129 min
Banking with InterestRep. Lucas on Fed Independence, Bank Supervisory RoleRep. Frank Lucas, the chair of a newly created Congressional task force on monetary policy, discusses the panel's agenda and upcoming hearings, the first of which takes place this week. The Oklahoma Republican grapples with two separate questions: should the Fed be independent and should it have a direct role in banking supervision? 2025-03-0425 min
Banking with InterestWhat the Hell is Going On, Part II: Merging OCC, FDIC?The Trump administration wants to fold the FDIC’s bank oversight duties into the OCC without congressional approval. Evan Weinberger, a banking correspondent at Bloomberg Law, details the ramifications for community banks, what’s already happening at both agencies, and what may happen next.2025-02-2632 min
Banking with InterestWhat the Hell is Going On? A Banker’s Guide to D.C.Victoria Guida of Politico and Brendan Pedersen of Punchbowl News sort through how and why the Trump administration is remaking banking regulation. Is the CFPB neutered for the next four years or maybe forever? Will the OCC take over the FDIC’s exam functions? Why did big bank CEOs meet with the Senate Banking Committee? What’s DOGE up to at Treasury?2025-02-2044 min
Banking with InterestBank Supervision Needs “Complete Change in Focus”Greg Baer, the CEO of the Bank Policy Institute, argues that bank supervision has gone off course, focusing on the wrong areas and making the system less safe. He outlines how he and big banks would recommend fixing it. He also discusses stress test and AML reform, new liquidity rules, Basel III, CFPB and more.2025-02-1133 min
Banking with InterestFmr. Sen. Toomey: Why Debanking Crypto Occurred—And How to Solve ItFormer Sen. Pat Toomey, R-Pa., one of the first lawmakers to sound alarms about the debanking of crypto firms , talks about President Trump’s accusation that large banks are systemically debanking conservatives, and what he thinks is really going on. That includes how policymakers could fix the issue permanently and why some proposed solutions might backfire. 2025-02-0433 min
Banking with InterestRep. Waters on Dem’s Strategy, Stablecoins, Housing & MoreRep. Maxine Waters, lead Democrat on House Financial Services, discusses how the committee and Congress have changed in her long tenure, her relationship with Chair French Hill, and the importance of community banks. She also unveils the Democratic agenda for this Congress, including housing reform, stablecoin regulation and more.2025-01-2938 min
Banking with InterestWhat Community Bankers Want from D.C.Brad Bolton, the CEO of Community Spirit Bank in Red Bay, Ala., discusses the state of community banking right now, including what challenges he and other small institutions face and how they hope policymakers can help. He dives into concerns about new small business lending data requirements and other pending regulations, calls for bank consolidation, and what worries him most.2025-01-2233 min
Banking with InterestThe End of Independent Bank Regulation?Michael Barr’s surprising decision to step down as Fed vice chair of banking supervision next month allows the incoming Trump administration to make its own pick for the job and raises questions about the political independence of the banking regulators going forward. Andrew Ackerman, senior financial reporter with The Washington Post, walks through the implications for banks and discusses Barr’s likely successor.2025-01-1423 min
Banking with InterestOCC’s Hsu on Unfinished Business, Reg Restructuring & Dangers AheadActing Comptroller of the Currency Michael Hsu talks about his three-plus years at the forefront of bank regulation, including what regulators learned from the fall of SVB, why we still need new Basel capital rules, and whether regulatory restructuring would be worth the effort.2025-01-0235 min
Banking with InterestWhat’s the Future of the CFPB and FDIC Under Trump?Evan Weinberger, the banking reporter at Bloomberg Law, talks about the Trump administration’s trial balloon to eliminate the FDIC or combine regulatory agencies. He also goes in-depth on the various fights the CFPB is engaged in, how the Trump administration could choose to tackle them, and what that would mean for banks.2024-12-1736 min
Banking with InterestCrypto’s Win, Stablecoins’ Future & Debanking Debate Alex Johnson, the founder and publisher of Fintech Takes, tackles several hot-button topics, including how the crypto industry’s election victories will influence the next Trump administration, and why hype around stablecoins as a replacement for banks may be misplaced. He also discusses whether banks are really engaging in debanking as a prominent venture capitalist recently claimed. 2024-12-1245 min
Banking with InterestWhat Trump’s Treasury Pick Means for Banks, Fed and Wall StreetSam Sutton, the primary author of Politico’s Morning Money newsletter, goes behind the scenes on why President-elect Trump chose Scott Bessent to lead the Treasury Department. Sutton discusses Bessent’s experience and agenda, how his views on tariffs and inflation will play out in the next administration, and how they portend a potential brewing conflict with the Federal Reserve.2024-12-0529 min
Banking with InterestBehind Rep. Hill’s Plan to Make Community Banks Great AgainRep. French Hill, a top contender to lead the House Financial Services Committee, details his plan to help banks, including revamping regulators’ approach to M&A, ending Operation Choke Point, and encouraging more de novos. He also discusses his views on Scott Bessent, President-elect Trump’s nominee for Treasury secretary, the mood among GOP lawmakers, how the government can confront fraud at banks, what he thinks Congress can do for banks over the next two years and his takeaways from the Biden-era regulators’ final Congressional appearance.2024-11-2644 min
Banking with InterestCBA's Johnson on CFPB Under Trump, Open Banking and Junk Fees vs. Junk FactsLindsey Johnson, CEO and president of the Consumer Bankers Association, talks about how the CFPB may change under the second Trump administration. Will a Trump-appointed CFPB director roll back the recently finalized open data rule? What happens for banks and consumers if that rule is left to stand? She also tackles the future of the agency's overdraft proposal and small business lending rule. 2024-11-2137 min
Banking with InterestThe Massive Implications for Banks from the GOP's Sweeping VictoryWith Republicans set to control the White House, Senate, and House next year, Victoria Guida of Politico and Brendan Pedersen of Punchbowl News dive into the implications for financial services companies. That includes what it means for the Fed, including whether President-elect Trump might try to oust Chair Jerome Powell, and what kinds of leaders will take the reins of the Congressional banking committees.2024-11-1343 min
Banking with InterestHow Generative AI Agents Could Threaten Financial StabilityThe rise of generative AI agents have promised consumers a better, safer future. But what happens if those agents act in ways that destabilize the system, causing bank runs or better enable bad actors to commit fraud or hack financial institutions? Todd Phillips, assistant professor at Georgia State University’s Robinson College of Business, talks about his new paper looking into how AI could wreak havoc on the financial system.2024-11-0537 min
Banking with InterestHow CFPB’s Open Data Rule Will Impact BanksKate Berry, a reporter for American Banker, and Christopher Williston, the CEO of the Independent Bankers Association of Texas, go in-depth to discuss the CFPB’s final Section 1033 rule, which implements open banking. They tackle which institutions are most at risk from the final rule, why trade groups are suing to block it, and how the CFPB is responding to bank fears it will spur more fraud.2024-10-3043 min
Banking with InterestHow Russia Targets Banks, Wall Street Eamon Javers, a senior Washington correspondent for CNBC, talks about his new podcast, “The Crimes of Putin’s Trader,” and how Russia is using hackers to infiltrate banks and Wall Street. He goes behind the scenes on the case of Vladislav Klyushin, who was convicted by the U.S. of insider trading, how he was traded back this summer to Russia, and what it means for financial firms here.2024-10-2345 min
Banking with InterestWhat the 2024 Election Means for BankersCam Fine, former CEO and president of ICBA, and Ed Yingling, former CEO and president of ABA, discuss and debate the possible outcomes of the election—Presidential, House and Senate—and what they could mean for banking policy. 2024-10-1641 min
Banking with InterestDo Regulators Want to Kill Banking-as-a-Service?Jason Mikula, publisher of Fintech Business Weekly, talks about the ongoing fallout from the failure of fintech Synapse, and banking regulators’ efforts to ensure it can’t happen again. Are regulators going too far? Is this the end of banking-as-a-service?2024-10-0944 min
Banking with InterestBill Huizenga on AI, Dangers of Activist Investors & CFPB OverreachRep. Bill Huizenga, R-Mich., the chair of the House Financial Services oversight subcommittee, talks about his agenda if selected as GOP leader of the full panel next year, including looking deeper at artificial intelligence, regulating crypto, and fixing housing. He also talks about his focus on reining in activist investors, what he wants to see the next CFPB director tackle and the limitations of Congressional oversight.2024-10-0130 min
Banking with InterestThe Potential “Perverse” Consequences for Banks of New M&A PoliciesKaren Shaw Petrou, managing partner of Federal Financial Analytics, details how new guidelines by federal regulators to curb M&A could inadvertently increase the market power of the biggest banks and Big Tech. 2024-09-2435 min
Banking with InterestHow FHLBs See the Battle Over ReformRyan Donovan, the head of the Council of Federal Home Loan Banks, pushes back against criticisms that the government-sponsored enterprises have strayed from their mission. He outlines what the FHLBs want as part of a reform effort by their regulator.2024-09-1849 min
Banking with InterestAndy Barr on Fair Access Law for Banks, Basel III’s Finale, Reg Relief and M&A ReformRep. Andy Barr, the chair of the House financial institutions subcommittee, discusses why he should lead Republicans on the Financial Services Committee next year. He offers a preview of his agenda, including pushing legislation that would prevent banks from denying legal businesses access to financial services and why large institutions are suddenly supporting it. He also details what changes regulators should make in new Basel III capital rules, how regulatory reform for banks could happen, and why M&A approval rules should be revamped.2024-09-1038 min
Banking with InterestInside the “Summer of Small Cuts” for BanksJaret Seiberg, managing director of TD Cowen’s Washington Research Group, discusses the many policy changes facing banks this summer, including the FDIC’s brokered deposit proposal, the Fed’s new FAQ on the discount window, a Texas court decision on the small business rule, and the new uncertainties the election poses for the industry.2024-09-0432 min
Banking with InterestInside the CFPB’s Sprint to the Finish LineAlex Johnson, founder of Fintech Takes, discusses the CFPB’s race to complete as many regulatory initiatives – on earned wage access products, open data, privacy and more – ahead of the November election. And he talks about why banking as a service has turned into a “high-wire act without a safety net” in the wake of the Synapse bankruptcy.2024-07-3149 min
Banking with InterestFrench Hill on Crypto Reg, Housing Reform, SVB Lessons & Bank ConsolidationRep. French Hill, one of the leading candidates to chair the House Financial Services Committee next year, makes his case for the job, discussing how his former role as a bank CEO would help guide his agenda. He talks about why he’s worked so hard on crypto and stablecoin regulation bills, his vision for housing reform, the lessons of SVB, the end of Chevron deference, and his concerns on bank consolidation.2024-07-2436 min
Banking with InterestThe Titanic Shift in Banking Policy AheadClaire Williams, Capitol Hill reporter for American Banker, and Brendan Pedersen, who covers financial services for Punchbowl News, discuss the latest on financial policy. Will Christy Romero Goldsmith be confirmed to lead the FDIC? Is Basel III Endgame dead? How could Sen. J.D. Vance as vice president impact bank policy going forward?2024-07-1741 min
Banking with InterestA Looming Crisis in CRE? What Bankers Need to KnowPhil Mobley, national director of office analytics for CoStar, the leading firm when it comes to commercial real estate, talks about how the market has changed in the wake of the pandemic. He discusses the trends right now, where the market is headed, and what risk office CRE poses to banks.2024-07-0944 min
Banking with InterestInside a Reg Split on Basel and the Battle for FDIC ControlPete Schroeder, who covers financial regulation and policy for Reuters, breaks down why federal banking agencies are split on how to finalize new capital rules and explains how policymakers are reacting to a nominee for FDIC chair.2024-06-2528 min
Banking with InterestCatch Check Fraud If You Can: The Growing Issue for Banks, ConsumersFrank Abagnale Jr., an expert on check forgery and the subject and inspiration for Steven Spielberg’s film “Catch Me If You Can,” talks about why check fraud is so much worse in recent years despite the overall decline of use of checks. He talks about why banks are struggling to detect forgeries, how policymakers should address the issue, and why the problem is poised to become even more dire.2024-06-1140 min
Banking with InterestThe Coming Battle Over Zelle FraudPenny Crosman, executive editor of technology at American Banker, goes behind the scenes on a case of Zelle fraud that cost a consumer thousands of dollars—and what it means for a coming policy fight between the big banks and Washington over the real-time payment system.2024-06-0431 min
Banking with InterestThe Massive Impacts of a Whirlwind Week for Banking PolicyAndrew Ackerman, a financial services reporter for the Wall Street Journal, discusses what happens next after FDIC Chair Martin Gruenberg’s surprise announcement that he will resign upon confirmation of a successor. Ackerman also details how regulators plan to dial back the Basel III Endgame proposal, and talks about the CFPB’s future after the Supreme Court upheld its funding structure.2024-05-2230 min
Banking with Interest"A Political Thunderdome": The High Stakes for FDIC at Two Hill HearingsBrendan Pedersen, the financial services reporter for Punchbowl News, discusses the critical importance of upcoming hearings to the future of the FDIC and disturbing revelations from a recent report looking into the agency’s culture. He also discusses an upcoming House vote on a crypto bill and the latest on financial privacy and stablecoin legislation.2024-05-1443 min
Banking with InterestRep. Lucas on HFSC Chair Bid, Bank Consolidation, Fed IndependenceRep. Frank Lucas, the longest serving Republican on the House Financial Services Committee, makes his case for why he should be the next chair, offering his views on community bank consolidation, whether the Fed should be independent, the dangers of quantum computing and how history informs his view of government agencies and programs.2024-05-0842 min
Banking with InterestCould a Stablecoin Bill “Shatter” the Wall Between Banking and Commerce?Hilary Allen, a law professor at American University Washington College of Law, warns that a stablecoin regulation bill could open the door to mixing banking and commerce, allowing WalMart, Amazon or Google to effectively set up their own bank without facing bank-like regulations. She also details issues with the legislation introduced to date, including failures to address critically important issues.2024-05-0143 min
Banking with InterestThe Populist Threat to BanksJohn Heltman and Claire Williams, two journalists with American Banker, discuss the outlet’s recent series on populism and how it impacts banks. They tackle why the banking industry is so often the target of populist politicians from both the left and the right, how populism is changing the debate on various bank policy debates now, and what comes next.2024-04-2438 min
Banking with InterestKlein vs. Calabria Round 2: How to Solve the Housing CrisisAaron Klein, senior fellow at the Brookings Institution, and Mark Calabria, former director of the Federal Housing Finance Agency, debate the best way to address the housing crisis, as well as the dangers of politicizing banking regulation, whether the Fed is too worried about consensus, if the central bank is secretly working on a central bank digital currency and who should play The Sphere next. 2024-04-1736 min
Banking with InterestCalabria vs. Klein Round 1: Bank Rescues, Fed Playing Politics, Liquidity FixesMark Calabria, former director of the Federal Housing Finance Agency, and Aaron Klein, senior fellow at the Brookings Institution, discuss how politics factors into the Fed’s monetary policy decisions, decry the rescue of uninsured depositors last year, debate how to fix liquidity rules and weigh in on revamping the FHLBs.2024-04-1040 min
Banking with InterestSteele on What’s Needed After SVB, Biggest Threat to Banks, M&A PolicyGraham Steele, the former Treasury assistant secretary for financial institutions, offers a behind-the-scenes perspective on regulators’ decision to rescue uninsured depositors at Silicon Valley Bank and two other regional banks. He also discusses what policy changes are still needed as a result, the greatest challenge facing the banking industry, and why he’s worried about a “catastrophic” cybersecurity event.2024-04-0347 min
Banking with InterestHow SVB’s Collapse Changed Bank Policy for GoodOne year after the fall of Silicon Valley Bank, the reverberations into banking policy continue. Brian Gardner, Chief Washington Policy Strategist at investment bank Stifel, discusses how the failure impacted bank supervision and the debate over new capital and liquidity rules—and how it will remain a part of the calculus moving forward.2024-03-2132 min
Banking with InterestWhip Emmer on CBDCs, “Junk” Fees, Crypto and Community BanksHouse Majority Whip Tom Emmer talks about his fears for the future of small banks—and how to reverse course—and why his movement to ban the Fed from creating a CBDC has gained steam. He also tackles his predictions for the House elections this year, the CFPB’s push against so-called “junk” fees and how he became one of the leading advocates for cryptocurrency in Congress.2024-03-1338 min
Banking with Interest“The Most Contentious Fight in Washington Right Now”Richard Hunt, executive chair of the Electronic Payments Coalition, talks about the battle over Capital One buying Discover, how it connects to the Durbin amendment’s restrictions on debit interchange fees, and why the fight over another Durbin legislative proposal on credit cards is so heated.2024-03-0635 min
Banking with InterestHow Banks Can Win the Battle for DepositsNeil Stanley, CEO of the CorePoint, offers strategies and products banks can use to attract and retain deposits in a highly competitive deposit environment.2024-02-2834 min
Banking with InterestEsther George on Interest Rate Cuts, CRE, Bank Failures, and Everything in BetweenThe former Kansas City Fed president talks about the persistence of inflation, when the central bank is likely to lower interest rates, how worried she is about office CRE, the lessons from the failures of three regional banks last year, whether she supports a central bank digital currency, and the future of community banks.2024-02-2147 min
Banking with InterestAre We Headed for Another Regional Bank Crisis?After a prominent regional bank slashed its dividend amid unexpected losses related to office commercial real estate loans, some in the media are raising fears that another round of failures could be in the offing. Jaret Seiberg, managing director of Cowen’s Washington Research Group, details what happened, how regulators are responding, and whether it’s a sign of more trouble or a one-off event.2024-02-1323 min
Banking with InterestWhy the War Over "Junk" Fees Has Heated UpKate Berry, who covers the CFPB for American Banker, goes behind the scenes on the consumer agency’s latest proposals to limit overdraft fees and institute new limits around nonsufficient funds transactions.2024-02-0625 min
Banking with InterestBank M&A was “miserable” in 2023. Will this year be even worse?Naomi Snyder, editor-in-chief of Bank Director, discusses why the bank M&A market was so bad in 2023, and what changes need to happen for it to improve.2024-01-3019 min
Banking with InterestThe “Existential” CFPB Plan Banks Should Care AboutJohn Pitts, head of policy for Plaid, argues a new CFPB open-data proposal could transform the financial services industry. He says bankers, many of whom are skeptical of the plan, could see significant opportunities, including a greater ability to attract new customers. 2024-01-2333 min
Banking with InterestWould Banks Win a Lawsuit Against the Basel III Capital Plan?Greg Baer, CEO of the Bank Policy Institute, makes the case that regulators did not follow the law when they proposed new capital standards for the biggest banks by failing to provide adequate analysis and data. He details what he believes is missing and why he’s confident a final rule will be substantially different.2024-01-1733 min
Banking with InterestThe Road Ahead for Community Banks in 2024Derek Williams, chairman of ICBA and President and CEO of Century Bank & Trust in Milledgeville, Georgia, talks about the challenges and opportunities for community banks as they head into a new year, including how he sees economic issues and policy debates playing out.2023-12-1240 min
Banking with InterestAttack of the (Voice) Clones: The Perils of AI for BanksAs AI becomes more prevalent, what are the risks to banks and consumers, particularly as software can now allow fraudsters to imitate a person's voice? Emily Flitter, reporter for the New York Times, talks about the growing threat from AI on financial security, how it is already changing lending and what policymakers can do to address it.2023-12-0535 min
Banking with InterestHow FHLB Reform Can Help Banks, HousingCornelius Hurley, professor at Boston University School of Law, breaks down the recent FHFA report calling for sweeping changes to the Home Loan Bank system. He discusses why it’s important to refocus the banks on mission and how the debates over the report’s finding will play out in future rulemakings and legislation.2023-11-2842 min
Banking with InterestQuarles on Capital Plan, SVB Criticism, Interest Rates & Fed Power DynamicsRandal Quarles, the former Fed vice chair, details how the new Basel III capital proposal could hurt the economy, casts doubt on the legality of the Fed’s stress tests, and pushes back on criticism that his actions helped cause the failure of three regional banks earlier this spring. He also talks about his biggest concerns in the financial system right now, where interest rates are likely to go from here and his fears about the current power dynamics at the Fed.2023-11-1456 min
Banking with InterestInside the Conviction of SBF – And What It Means for Crypto, BanksZeke Faux, an investigative reporter for Bloomberg and the author of “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall,” goes behind the scenes on Sam Bankman Fried’s conviction last week, including his interviews with the former FTX leader and what it means for the industry at large.2023-11-0741 min
Banking with InterestThe Case Against a U.S. Retail CBDC Christina Skinner, assistant professor at The Wharton School of the University of Pennsylvania, talks about why a potential U.S. central bank digital currency “opens a Pandora’s Box” of questions about the role of the Fed and could pose a grave threat to banks.2023-10-3141 min
Banking with InterestEverything Banks Need to Know about the Final CRA RuleEbrima Sanneh, who covers the federal banking agencies for the American Banker, breaks down the final rule setting out new standards under the Community Reinvestment Act. He tackles how the rule changed from the proposal, the new standards for community banks, and how the industry is likely to react.2023-10-2522 min
Banking with InterestThe CFPB Is Here to Stay, So What's Next?Now that the Consumer Financial Protection Bureau appears likely to survive a Supreme Court challenge, will the agency be emboldened to push its powers further? Or will it be reined in by other forces? Evan Weinberger, who covers the CFPB for Bloomberg Law, analyzes the latest intel.2023-10-1732 min
Banking with InterestCommunity Bankers Are Tired of Being Jerked Around Steve Scurlock, the head of government relations at the Independent Bankers Association of Texas, talks about the “whipsaw” effect on community banks of regulatory changes that rapidly shift with the change of administrations and regulators—and his biggest fears for the future.2023-10-0334 min
Banking with InterestEnd of an Era: Deposit Gathering Near Rate Cycle PeakMatt Pieniazek, president of Darling Consulting, and Dave Koch, managing director of advisory services with Abrigo, discuss strategies for banks to navigate the challenging deposit market as the Fed nears the end of its rate hike cycle. Will the Fed raise rates again, how long will rates stay high and how best can banks prepare?2023-09-2642 min
Banking with InterestAre Bank Regulators Overstepping Their Legal Authority? Jonathan Gould, partner with Jones Day and a former general counsel of the Office of the Comptroller of the Currency, makes a case that the federal banking agencies are increasingly pushing the envelope even as courts become more skeptical of their powers. He also discusses the dangers of focusing too much on the safety of individual institutions at the expense of the overall risk to the system. 2023-09-1944 min
Banking with InterestThe Case Against Higher Bank Capital RequirementsKevin Fromer, president and CEO of the Financial Services Forum, details why the big banks are pushing back vigorously against a new proposal to raise capital at the largest institutions by 20%, arguing it is unnecessary and could cost the U.S. economy at a critical time.2023-09-1235 min
Kruze Consulting's Founders and Friends Podcast for StartupsBryan Harper of IntraFi discusses banking deposit networks and expanded FDIC insuranceBryan Harper of IntraFi (https://www.intrafi.com) discusses banking deposit networks, and how IntraFi's network of over 3,000 banks provides expanded FDIC insurance to businesses with large deposits.
Kruze Consulting offers solid financials to help de-risk your startup's next venture capital round. Work with a startup expert! Kruze bookkeepers (https://kruzeconsulting.com/startup-bookkeeping/) will help your startup have accurate, up-to-date financial statements that you can use to manage your business' growth and cash flow.2023-08-1020 min
Banking with InterestHave We Learned the Wrong Lessons From SVB's Failure?Steven Kelly, associate director of research at the Yale Program on Financial Stability, pushes back on multiple narratives about why SVB failed and what policymakers should do to prevent another collapse like it. He also weighs in on federal regulators’ new capital proposal and the battle over stablecoin regulation.2023-07-2637 min
Banking with InterestBeyond the Hype: How FedNow Will Change PaymentsAaron Klein, senior fellow in economic studies at the Brookings Institution, talks about why he is skeptical of the impact of FedNow, the central bank’s instant payment system due to launch this week.2023-07-1942 min
Banking with InterestHow Twitter’s Possible Demise Could Impact Bank Policy DiscussionsSean Tuffy, former head of market and regulatory intelligence at Citigroup, talks about how the changing dynamics at Twitter may impact bank policy and media narratives. He also discusses crypto and stablecoin legislation, money market mutual fund reform, and the lessons of Silicon Valley Bank’s failure.2023-07-1238 min
Banking with InterestThe Looming Battle Over Bank Capital RequirementsJohn Heltman, Washington Bureau Chief of American Banker, talks about federal regulators’ pending proposal to raise capital on banks with more than $100 billion of assets. He tackles how that fits into the overall Basel capital plan, how banks and Republicans are planning to fight back, and what kind of impact it could have on bank lending.2023-06-2826 min
Banking with InterestSantander US CEO Wennes on Regional Banks, Capital Regs and Reaching Gen Z Tim Wennes, the CEO of Santander US, talks about the future of regional banks, including the potential for higher capital requirements and a possible credit crunch. He also weighs in on fears around commercial real estate, why the bank is expanding its auto lending business, and how it is targeting the next generation of bank customers. 2023-06-1331 min
Banking with InterestCBA’s Johnson on M&A, Credit Card Late Fees, and CFPB’s FutureLindsey Johnson, who started last summer as the head of the Consumer Bankers Association, discusses how policymakers are reacting to the recent banking turmoil, why the CFPB’s credit card late fee proposal will harm consumers, and whether regulators will allow more M&A.2023-06-0631 minBanking with InterestWhat Bankers Need to Know After Marathon HearingsLast week saw a remarkable number of Capitol Hill hearings on the bank policy front, with multiple sessions featuring top bank regulators and the former chief executives of three failed banks. Claire Williams and Kyle Campbell, reporters with American Banker, offer their takeaways and remaining questions from these hearings, including what comes next from lawmakers and regulators.2023-05-2341 minBanking with InterestWas the 2018 Reg Relief Law Responsible for Recent Bank Failures?Greg Baer, the president and CEO of the Bank Policy Institute, takes issue with claims that S. 2155 played a role in the collapse of three regional banks. He also tackles what areas policymakers should look at, whether Congress is likely to enact any legislative changes directed at banks, and why the CFPB is off base when it comes to its proposal targeting credit card late fees.2023-05-1736 min
Banking with InterestThe Banking Crisis That Wasn’tJohn Blizzard, CEO of Seattle Bank, talks about his experiences after the recent regional bank failures and the lack of concern by customers. He also discusses the nationwide launch of CD Valet, which allows consumers unbiased access to the best CD interest rates.2023-05-0931 minBanking with InterestFour Reports and a FailureJohn Heltman, Washington Bureau Chief of American Banker, tackles the many policy questions resulting from the failure of First Republic Bank. He also discusses three regulatory reports examining two failures in March—and another report detailing how the FDIC wants to revamp deposit insurance.2023-05-0232 minBanking with InterestHow a Former FHFA Director Would Reform the FHLBsMark Calabria, the former director of the Federal Housing Finance Agency, offers his take on recent criticisms that the Federal Home Loan Banks have gone too far outside their mission—and what he would do to address them.2023-04-2546 min
Banking with InterestHow Banking Policy Has Changed After Two Massive Bank FailuresRichard Hunt, the former head of the Consumer Bankers Association, and Jaret Seiberg, managing director of Washington Research Group with TD Cowen, return to the show to discuss the post-SVB bank policy world. Is the crisis over? Will Congress enact new legislation and what will it target? What banks are now considered too big to fail?2023-04-1837 minBanking with InterestWhat We Learned After Two Hearings on SVB, Signature FailuresClaire Williams, the Capitol Hill reporter for American Banker and Brendan Pedersen, the banking reporter for PunchBowl News, offer their takeaways from back-to-back hearings on the failures of Silicon Valley Bank and Signature Bank. They discuss what lawmakers were focused on and how regulators responded as well as preview potential regulatory and legislative changes ahead.2023-03-3034 min
Banking with InterestThe Industry Demanded a Bailout. This Regulator Said No.Mark Calabria, former director of the Federal Housing Finance Agency and author of the new book Shelter from the Storm, talks about why he resisted calls to bailout mortgage servicers during the pandemic, and how he knew their predictions of another mortgage crisis were overblown.2023-03-1641 minBanking with InterestThe Steep Price Banks May Pay After Latest Financial RescueEmily Flitter, finance reporter for the New York Times, tackles the big questions stemming from the extraordinary actions taken by regulators on Sunday. Is this a bailout? Is there another banking crisis in the offing? What are the potential costs to banks? Will they face Dodd-Frank 2.0?2023-03-1431 minBanking with InterestPolitico’s Guida on Fed Tea Leaves, Vice Chair Pick and CBDCsVictoria Guida, economic policy reporter for Politico, dives into what Fed officials are trying to tell markets—and why markets don’t always appear to be taking the hint. She also tackles the latest names up to be the new Fed vice chair and whether Treasury secretly wants to create a central bank digital currency.2023-03-0740 minBanking with InterestAre Banks Ready for the Deposit Battle Royale in 2023?Bankers nationwide are experiencing heightened competition for deposits as consumers increasingly recognize their ability to shop for the best rate. Neil Stanley, founder and CEO of The CorePoint, discusses the best strategies banks can use to keep their existing deposits and attract new ones.2023-02-2839 minBanking with InterestWhat Other Banks Can Learn from Wells Fargo’s Past TroublesKevin Wack, national editor for American Banker, talks about his multi-part series examining the phony-accounts scandal at Wells Fargo, how he persuaded a former key executive there to provide previously unknown details about what happened, and what other institutions can learn.2023-02-1426 minBanking with InterestInside the CFPB's Battle Over Credit Card Late FeesThe CFPB surprised the banking industry last week by proposing to limit credit card late fees to $8, a much lower figure than most expected. Ian Katz, managing director of Capital Alpha Partners and a former Bloomberg reporter, discusses what other specifics are in the plan, how the industry is reacting, and how the issue is likely to play out this year.2023-02-0727 minBanking with InterestAre the FHLBs Dangerously Off Mission?While the Federal Housing Finance Agency conducts a historic review of the Federal Home Loan Banks’ mission, several critics are questioning whether the housing government-sponsored enterprises have lost sight of their original purpose. Karen Shaw Petrou, managing partner of Federal Financial Analytics details the controversy, and how the FHLBs should be reformed.2023-01-3129 minBanking with InterestBanking-as-a-Service is “Here to Stay,” New Association CEO SaysBill Briggs, a key architect of the Paycheck Protection Program, talks about his just-announced role as the CEO of the Banking as a Service Association, a group representing banks that partner with fintechs to allow them to offer financial services. He discusses the need for a new set of best practices and how he believes the model is here for good despite enhanced regulatory scrutiny of bank-fintech partnerships.2023-01-2426 minBanking with InterestRodgin Cohen on Crypto, Capital and M&A ChallengesH. Rodgin Cohen, the senior chair of Sullivan & Cromwell and one of the country’s preeminent bank lawyers, talks about how heightened regulatory scrutiny of M&A is impacting the industry, whether some banks are “too big to manage,” the Fed’s plans to raise capital, and the dire need for crypto regulations.2023-01-1744 minBanking with InterestPardon The Interruption: The Banking Policy EditionPolite disagreement is overrated. Richard Hunt, the former CEO of the Consumer Bankers Association, and Jaret Seiberg, a top bank analyst with Cowen Washington Research Group, spar (and sometimes agree) over several critical topics in financial services. That includes pending Fed changes to capital standards, Zelle alterations, FedNow, CRA reform, FTX's fallout, CFPB’s future, pot banking and much more.2022-12-1350 minBanking with InterestInside the Battle Over Fed Master AccountsThe Fed is proposing to name all nonbank companies that apply for—and ultimately receive—a master account with the central bank. Kyle Campbell, the Fed reporter for American Banker, goes through why this issue matters to banks, how it connects to both a lawsuit and possible legislation, and where it’s going next.2022-12-0631 min
Banking with InterestWhy Regulators Need to Rework CRA Reform: LudwigEugene Ludwig, the former Comptroller of the Currency who led the last successful effort to reform the Community Reinvestment Act, details why the current proposal by regulators needs to be reproposed. He also tackles how banks should be evaluating their fintech partnerships in light of supervisory scrutiny, and how he sees the fintech sector as a managing partner at venture capital fund Canapi Ventures.2022-11-2942 min
Banking with InterestWhat Election Surprises, Crypto Chaos and Twitter Meltdown Mean for BankersIt’s been another hectic week in the financial regulatory world, with Democrats unexpectedly outperforming in the midterm elections while separately another crypto meltdown ensued. But what will this mean for bankers? John Heltman, the Washington Bureau Chief of American Banker, and Brendan Pedersen, the financial services reporter for PunchBowl News, provide analysis on Democrats keeping the Senate, Rep. Patrick McHenry as the likely chairman of House Financial Services Committee, and whether the crypto news adds momentum to a stablecoin bill. They also discuss Twitter's nascent plans to become a payments company and offer money market products.2022-11-1552 min
Banking with InterestBrookings’ Klein on Stablecoin’s Downsides, CBDC Myths and More Fed CowbellAaron Klein, the Miriam K. Carliner Chair and senior fellow in Economic Studies at the Brookings Institution, discusses how the growth of stablecoins could hurt banks, why financial inclusion isn’t going to be solved by a central bank digital currency and why D.C. always wants to give the Federal Reserve more power.2022-11-0846 min