Banking with Interest, a podcast by IntraFi, features in-depth analysis and insight into the policy changes reshaping the banking industry. With insightful interviews and previews of pending policy challenges, the podcast is an essential listen for anyone connected to the financial services industry. Banking with Interest is hosted by Rob Blackwell, an award-winning former journalist with more than two decades of experience as an expert on financial services policy. He is now Chief Content O ...
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How Generative AI Agents Could Threaten Financial Stability
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The 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 …
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How CFPB’s Open Data Rule Will Impact Banks
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Kate 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 res…
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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 w…
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Cam 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.By IntraFi
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Do Regulators Want to Kill Banking-as-a-Service?
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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?By IntraFi
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Bill Huizenga on AI, Dangers of Activist Investors & CFPB Overreach
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Rep. 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 …
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The Potential “Perverse” Consequences for Banks of New M&A Policies
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Karen 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.By IntraFi
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Ryan 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.By IntraFi
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Andy Barr on Fair Access Law for Banks, Basel III’s Finale, Reg Relief and M&A Reform
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Rep. 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 sudden…
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Inside the “Summer of Small Cuts” for Banks
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Jaret 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.…
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Inside the CFPB’s Sprint to the Finish Line
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Alex 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.…
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French Hill on Crypto Reg, Housing Reform, SVB Lessons & Bank Consolidation
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Rep. 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 …
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The Titanic Shift in Banking Policy Ahead
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Claire 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?…
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A Looming Crisis in CRE? What Bankers Need to Know
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Phil 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.By IntraFi
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Inside a Reg Split on Basel and the Battle for FDIC Control
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Pete 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.By IntraFi
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Catch Check Fraud If You Can: The Growing Issue for Banks, Consumers
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Frank 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 t…
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Penny 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.By IntraFi
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The Massive Impacts of a Whirlwind Week for Banking Policy
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Andrew 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 Sup…
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"A Political Thunderdome": The High Stakes for FDIC at Two Hill Hearings
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Brendan 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 legisla…
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Rep. Lucas on HFSC Chair Bid, Bank Consolidation, Fed Independence
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Rep. 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.…
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Could a Stablecoin Bill “Shatter” the Wall Between Banking and Commerce?
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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, inc…
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John 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 …
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Klein vs. Calabria Round 2: How to Solve the Housing Crisis
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Aaron 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 dig…
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Calabria vs. Klein Round 1: Bank Rescues, Fed Playing Politics, Liquidity Fixes
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Mark 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.…
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Steele on What’s Needed After SVB, Biggest Threat to Banks, M&A Policy
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Graham 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, …
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How SVB’s Collapse Changed Bank Policy for Good
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One 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.…
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Whip Emmer on CBDCs, “Junk” Fees, Crypto and Community Banks
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House 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 cry…
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“The Most Contentious Fight in Washington Right Now”
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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.By IntraFi
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How Banks Can Win the Battle for Deposits
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Neil Stanley, CEO of the CorePoint, offers strategies and products banks can use to attract and retain deposits in a highly competitive deposit environment.By IntraFi
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Esther George on Interest Rate Cuts, CRE, Bank Failures, and Everything in Between
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The 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.…
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Are We Headed for Another Regional Bank Crisis?
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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 whethe…
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Why the War Over "Junk" Fees Has Heated Up
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Kate 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.By IntraFi
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Bank M&A was “miserable” in 2023. Will this year be even worse?
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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.By IntraFi
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The “Existential” CFPB Plan Banks Should Care About
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John 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.By IntraFi
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Would Banks Win a Lawsuit Against the Basel III Capital Plan?
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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.…
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The Road Ahead for Community Banks in 2024
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Derek 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.By IntraFi
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Attack of the (Voice) Clones: The Perils of AI for Banks
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As 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.…
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Cornelius 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.…
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Quarles on Capital Plan, SVB Criticism, Interest Rates & Fed Power Dynamics
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Randal 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 …
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Inside the Conviction of SBF – And What It Means for Crypto, Banks
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Zeke 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.By IntraFi
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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.By IntraFi
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Everything Banks Need to Know about the Final CRA Rule
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Ebrima 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.…
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The CFPB Is Here to Stay, So What's Next?
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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.By IntraFi
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Community Bankers Are Tired of Being Jerked Around
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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.By IntraFi
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End of an Era: Deposit Gathering Near Rate Cycle Peak
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Matt 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?…
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Are Bank Regulators Overstepping Their Legal Authority?
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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 a…
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The Case Against Higher Bank Capital Requirements
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Kevin 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.By IntraFi
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Have We Learned the Wrong Lessons From SVB's Failure?
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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.…
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Beyond the Hype: How FedNow Will Change Payments
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Aaron 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.By IntraFi
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How Twitter’s Possible Demise Could Impact Bank Policy Discussions
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Sean 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.…
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