Explore the latest in finance as the CFPB fines Block over Cash App's security issues, the World Bank sets terms for a $40 billion power finance initiative in Africa, and Bitcoin's role in institutional finance expands. Plus, insights into Scott Bessent's Senate testimony as Trump's Treasury Secretary nominee. Stay informed on the evolving landscape of finance and regulation.

Sources:

https://www.thehindu.com/sci-tech/technology/us-consumer-finance-watchdog-fines-payments-firm-block-over-cash-app-operations/article69107336.ece

https://www.bloomberg.com/news/articles/2025-01-16/world-bank-sets-africa-terms-to-win-40-billion-in-power-finance

https://yaledailynews.com/blog/2025/01/16/trumps-treasury-secretary-nominee-scott-bessent-84-testifies-before-senate-finance-committee/

https://www.forbes.com/sites/davidbirnbaum/2025/01/16/bitcoins-next-frontier-the-future-of-institutional-finance-starts-now/

Outline:

(00:00:00) Introduction

(00:00:44) US consumer finance watchdog fines payments firm Block over Cash App operations

(00:03:55) World Bank Sets Africa Terms to Win $40 Billion in Power Finance

(00:07:18) Trump’s Treasury secretary nominee Scott Bessent ’84 testifies before Senate Finance Committee

(00:10:28) Bitcoin’s Next Frontier: The Future Of Institutional Finance Starts Now