Open Banking Rule Revisited & The Durbin Amendment in Court: August Government Update 

August may be quiet in Washington, but regulatory and legal developments in payments continue to happen. In this episode of the IPA’s Government Update podcast, the IPA’s CEO Brian Tate joins us to unpack two headline issues: 

• Open Banking Rule Reconsidered: The CFPB has released an Advance Notice of Proposed Rulemaking (ANPR) on open banking—raising new questions about fees, compliance timelines, and what the future rule might look like. Brian walks us through the litigation backdrop, industry perspectives, and what financial institutions and fintechs should be watching. 

• Corner Post v. Federal Reserve: A recent court ruling in North Dakota challenges the Fed’s Regulation II under the Durbin Amendment, questioning which costs can be factored into debit interchange fees. Brian explains what this means for banks, merchants, and consumers, and why the case could extend for years through appeals. 

We also look ahead at compliance challenges, industry strategy, and what companies should do now to prepare for a shifting payments landscape. 

If your job is compliance, then you should attend our Compliance Boot Camp this September in Chicago. It is an essential event for professionals looking to build compliance expertise and earn CLEs. We will be covering a variety of topics from EWA to Regulation E to AI. 

In this episode, we present an edited portion of the audio from the IPA’s recent Summer of Learning Webinar “Europe’s E-money licenses offer insights into possibilities for Fintech charters.” 

Alison Donnelly, a payments policy expert and head of payments with the consulting firm fscom in Belfast, discuss e-money licenses, payments developments in Europe, and what U.S. companies should consider if they want to expand across the Atlantic. 

This Webinar was recorded on July 23, 2025. Things may have changed by the time you hear it. 

IPA members can see the webinar in its entirety in the members only section at IPA.org. If you are not a member, then visit the Website today to learn the benefits of membership. 

Whether or not you are currently a member of the IPA, if your work touches the compliance space, then you should attend our Compliance Boot Camp this September in Chicago. It is an essential event for professionals looking to build compliance expertise and earn CLEs. We will be covering a variety of topics from EWA to Regulation E to AI. 

Innovation is often a word associated with Silicon Valley, but the home of payments innovation is farther north in Sioux Falls, South Dakota.  

In this episode, IPA’s Ben Jackson visits Sioux Falls and talks about what is coming next in payments with Trent Sorbe, Chief Payments Officer at First International Bank and Trust and Kota Pay, and the IPA’s CEO, Brian Tate. 

They discuss how Sioux Falls became a hub for financial services, the future of payments including stable coins and open banking, and the role that banks will play going forward. 

Mark your calendars for our Compliance Boot Camp this September in Chicago—an essential event for professionals looking to build compliance expertise and earn CLEs. We will be covering a variety of topics from EWA to Regulation E to AI. 

This podcast was recorded on July 30, 2025. Things may have changed by the time you hear it. 

In this episode, IPA’s Ben Jackson speaks with Brian Tate, CEO of the Innovative Payments Association, about what’s happening in payments regulation in Washington. They discuss: 

• The reconciliation’s bill effect on payments 

• The stablecoin bills moving through Congress, 

• The staffing at the regulatory agencies, 

This episode was recorded on July 8, 2025. Please note that developments may have occurred since then. 

Additional Resources: 

• IPA Summer of Learning Webinar: Modernizing Payments to and From America’s Bank Account 

• IPA's Summer of Learning Webinar: Europe's E-Money Licenses Offer Insights into Possibilities for Fintech Charters 

• IPA in Sioux Falls 

• IPA Compliance Boot Camp – September in Chicago 

Stay tuned for future episodes and don’t forget to subscribe! 

In this episode, IPA’s Ben Jackson speaks with Brian Tate, CEO of the Innovative Payments Association, about what’s happening in payments regulation in Washington and beyond. They discuss: 

• The stablecoin bills moving through Congress, 

• The executive order on phasing out checks for government payments, 

• Illinois’s delay of its Interchange law effective date. 

This episode was recorded on June 18, 2025. Please note that developments may have occurred since then. 

Additional Resources: 

• IPA Summer of Learning Webinar Series 

• IPA Compliance Boot Camp – September in Chicago 

Stay tuned for future episodes and don’t forget to subscribe! 

In this special recap episode, Ben Jackson sits down with Kate Lybarger to reflect on their experiences at the recent IPA Conference in Washington, DC. Ben and Kate unpack the key themes, standout moments, and emerging trends that defined the three-day event that was packed with insights from regulators, fintech innovators, authors, and industry leaders.

From the evolving regulatory landscape and financial inclusion to fraud prevention and the future of blockchain and crypto, this episode offers a thoughtful synthesis of the conversations shaping the future of payments and fintech.

Topics Covered Include:

·      Synapse and Evolve as case studies in shared accountability between banks and fintechs.

·      Why fintechs must “act like grownups” and own their risk management.

·      Insights into how the regulatory tide may be shifting—from strict oversight to more open innovation.

·      Federal vs. state approaches to regulation and their implications for fintechs and consumers.

·      Why AI is a powerful tool (not a magic wand), and where it might go next.

·      Realism about crypto’s volatility vs. blockchain’s infrastructure potential.

In this episode, Ben Jackson talks with Kevin McColly, the CEO of Coinstar, which allows consumers to convert coins into other types of currency through its kiosks.  

They discuss the role of coins and cash in the U.S. payments system, the future of the penny and why the CEO of a coin counting company favors stopping its production. 

Below are links to the announcements of the bills that seek to stop production of the penny. 

McClain, Garcia, Lummis, Gillibrand Introduce Bipartisan Bill to End Penny Production 

Lee, Merkley Bill Would Save Taxpayers Millions by Ending Penny Production   

This podcast was recorded on May 5, 2025. Things may have changed by the time you hear it. 

With a new administration in place, the payments industry is bracing for regulatory changes—and now, some early outlines of those changes are coming into focus. 

In this episode, IPA’s Ben Jackson speaks with Brian Tate, CEO of the Innovative Payments Association, about what’s happening in Washington and beyond. They discuss: 

• The CFPB’s announcement that it may rewrite the open banking rule 

• Potential changes to the prepaid rule 

• The implications of the CFPB ending its appeal in the PayPal case 

This episode was recorded on May 8, 2025. Please note that developments may have occurred since then. 

Additional Resources: 

• IPA Summer of Learning Webinar Series 

• IPA Compliance Boot Camp – September in Chicago 

Stay tuned for future episodes and don’t forget to subscribe! 

In this episode, Ben Jackon and Brian Tate, the IPA’s CEO, give a preview of the Innovative Payments Conference happening in Washington DC from April 29 through May 1.  

They discuss the speakers – including Acting Comptroller of the Currency Rodney Hood and Avy Mallick, the General Counsel of the California Department of Financial Protection & Innovation – and the themes for this year’s show and the knowledge that attendees will gain to help them do their jobs better. 

 Podcast listeners can get 10% off the price of registration when they use the code “BensFriends10” when they register here: Innovative Payments Conference 

This podcast was recorded on April 17, 2025. Things may have changed by the time you hear it. 

 In this episode Kate Lybarger, the director and head of Payments Innovation at Discover Global Network, discusses why the financial services industry has not hacked financial wellness yet. 

We cover what financial wellness means, the role of AI, and why it might make sense to separate advice from products. 

This podcast was recorded on March 24th, 2025. Things may have changed by the time you hear it.  

To keep up with the rapidly changing payments environment, register for the Innovative Payments Conference in Washington DC from April 29 through May 1.  

You will learn about: 

• the future of banking as a service, 

• the unwinding of the Synapse bankruptcy with former FDIC chair Yelena McWilliams, 

• the future of regulation with the acting comptroller of the currency, Rodney Hood, and  

• a presentation on scams from the Better Business Bureau. 

Listeners can get $25 off the price of registration when they use the code Podcast. Learn more and register at: Innovative Payments Conference.