Fintech Recap

In this episode, Alex Johnson and I discussed:

* The revelation that JPMorgan Chase intends to begin charging third-parties, including aggregators like Plaid and MX, to access consumers’ data rocked the U.S. fintech landscape last week. Alex and I unpacked what it could mean.

* Since we recorded this last week, a group trade associations, including the Financial Technology Association and the American Fintech Council, sent a letter to President Trump, essentially asking him to reconsider the CFPB’s position to abandon defense of the rule (I covered this on Sunday here.)

* In a surprising turn of events, the CFPB filed a motion in the challenge brought against the rule by a small Kentucky bank, the Kentucky Bankers Association, and the Bank Policy Institute, asking the court to pause the proceedings.

* The CFPB said it will undertake a new open banking rulemaking and expects to release an advanced notice of proposed rulemaking within the next three weeks, kicking off an “accelerated” rulemaking process. Stay tuned for Sunday, where I’ll unpack the latest developments and what they mean for open banking.

* GENIUS is law: what’s next for stablecoin issuers, banks, custodians, and consumers?

* And, as always, what Alex and I just can’t let go of.

In this episode, Alex Johnson of Fintech Takes and I discuss:

* FICO launches new scores that incorporate pay-in-four buy now, pay later data. But will it make a difference?

* The CFPB files a statement of interest in the Synapse bankruptcy, potentially setting up a backdoor bailout to make out-of-pocket depositors whole. Does it set a bad precedent?

* A brief word on crypto mortgages.

* And, as always, what Alex and I just can’t let go of.

In this episode, Alex and I discussed:

* Unpacking Chime’s IPO plans

* What the hell is going with 1033?

* The GENIUS bill advances in the Senate

* And, as always, what Alex and I just can’t let go of

In this episode, Alex and I discussed:

* Alex’s trip to BaaS Island: the founder/CEO of Increase seeking approval to acquire a controlling stake in a bank & the Hatch Bank’s consent order with the California DFPI

* Ryan Breslow’s return to one-click checkout / “super app” Bolt

* Crypto firms seeking bank charters

* And, as always, what Alex and Jason just can’t let go of

In this episode, we discussed:

* Alex and I recorded this before “Liberation Day” and thus before Klarna chose to delay its IPO; that said, our analysis of Klarna’s F-1 registration statement stands!

* A return to BaaS Island: a first-hand account of Mercury and Evolve’s abrupt public parting of ways; what other banks, fintechs, and regulators can learn from the chaotic split.

* It’s charter time: a brief discussion of SmartBiz, OakNorth, and OneMain’s progress on charters; prescient, given the news this week that Stripe has applied for Georgia’s merchant acquirer limit purpose bank (MALPB) charter (more on Stripe’s news from me here, including a copy of the public portion of its application.)

* And, as always, what Alex and I just can’t let go of.

In this episode, Alex Johnson and I discuss:

* The chaos in DC. What might in mean for banking, fintech & consumers?* Varo Bank struggles on, with a new CEO and some additional capital.* A grab bag of BNPL topics.* And, as always, what Alex and Jason just can’t let go of.

Hey all, Jason here.

Alex Johnson, creator of the Fintech Takes newsletter, and I are happy to bring you the latest episode of our monthly podcast, Fintech Recap, where we unpack some of the biggest stories in fintech, banking, and crypto.

We recorded this ~very special episode~ live during the Fintech XChange event in Salt Lake City, Utah, late last month — and were joined by Alloy Labs Alliance CEO Jason Henrichs (the more Jasons the merrier!). We had the chance to talk about:

* Revelations that the Department of Justice is investigating the Synapse catastrophe

* Patriot Bank’s BaaS-related enforcement action

* Ramp’s launch of Ramp Treasury

* Rohit Chopra’s land stand at the CFPB

* And, as always, what Alex and Jason just can’t let go of…

If you enjoy listening to this podcast and find value in it, please consider supporting me (and finhealth non-profits!) by signing up for a paid subscription. It wouldn’t be possible to do what I do without the support of listeners like you!

This month, Alex and I had the chance to talk about:

* CBW Bank’s fights a $20.5 million civil money penalty that could “imperil” the bank’s existence

* Will the IPO window open in 2025? Chime confidentially files to go public.

* The CPFB’s parting shots: the bureau files suit against Walmart & Branch (but not partner Evolve Bank & Trust)

* And, as always, what Alex & Jason just can’t let go of

Alex Johnson, creator of the Fintech Takes newsletter, and I are happy to bring you the latest episode of our monthly podcast, Fintech Recap. This month we had the chance to talk about:

* Our time in Washington, DC, to attend the American Fintech Council Policy Summit, FinRegLab’s AI Symposium, and a variety of other meetings

* What’s been happening on “BaaS Island,” with the Synapse bankruptcy moving into its next phase as depositors are left wondering when — or if — they’ll ever be made whole

* The CFPB’s rule defining larger participant in the digital wallet space

* …and, as always, what Alex and Jason just can’t let go of

Alex Johnson, creator of the Fintech Takes newsletter, and I are happy to bring you the latest episode of our monthly podcast, Fintech Recap, where we unpack some of the biggest stories in fintech, banking, and crypto.

This month we had the chance to talk about:

* A return to BaaS Island: the FDIC’s proposed “Synapse Rule,” Five Star Bank quits BaaS, and the evolving (ha) economics of partner banks

* The CFPB accepts comments on FDX as standard-setting organization for 1033 open banking

* Department of Justice sues Visa, alleging it has used anticompetitive business practices to maintain an illegal monopoly on the US debit processing market

* …and, as always, what Alex and Jason just can’t let go of

Are you attending Money2020? Alex and I will be joining Simon Taylor for an invite-only session on “How to Win At Embedded Finance,” sponsored by Sardine, Sonar, LoanPro, and Visa — more info here.

If you enjoy listening to this podcast and find value in it, please consider supporting me (and finhealth non-profits!) by signing up for a paid subscription. It wouldn’t be possible to do what I do without the support of listeners like you!