Latest Finreg Podcast Episodes
Klein vs. Calabria Round 2: How to Solve the Housing Crisis
Banking with Interest - April 17, 2024 10:00 - 36 minutesAaron 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 ...
Calabria vs. Klein Round 1: Bank Rescues, Fed Playing Politics, Liquidity Fixes
Banking with Interest - April 10, 2024 10:00 - 40 minutesMark 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 weig...
Steele on What’s Needed After SVB, Biggest Threat to Banks, M&A Policy
Banking with Interest - April 03, 2024 10:00 - 47 minutesGraham 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...
How SVB’s Collapse Changed Bank Policy for Good
Banking with Interest - March 21, 2024 10:39 - 32 minutesOne 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 re...
Whip Emmer on CBDCs, “Junk” Fees, Crypto and Community Banks
Banking with Interest - March 13, 2024 09:00 - 38 minutesHouse 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 ...
“The Most Contentious Fight in Washington Right Now”
Banking with Interest - March 06, 2024 11:00 - 35 minutesRichard 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.
How Banks Can Win the Battle for Deposits
Banking with Interest - February 28, 2024 11:00 - 34 minutesNeil Stanley, CEO of the CorePoint, offers strategies and products banks can use to attract and retain deposits in a highly competitive deposit environment.
Esther George on Interest Rate Cuts, CRE, Bank Failures, and Everything in Between
Banking with Interest - February 21, 2024 10:00 - 47 minutesThe 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 ...
Are We Headed for Another Regional Bank Crisis?
Banking with Interest - February 13, 2024 11:00 - 23 minutesAfter 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 wh...
Why the War Over "Junk" Fees Has Heated Up
Banking with Interest - February 06, 2024 11:00 - 25 minutesKate 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.
Bank M&A was “miserable” in 2023. Will this year be even worse?
Banking with Interest - January 30, 2024 11:00 - 19 minutesNaomi 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.
The “Existential” CFPB Plan Banks Should Care About
Banking with Interest - January 23, 2024 11:00 - 33 minutesJohn 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.
Would Banks Win a Lawsuit Against the Basel III Capital Plan?
Banking with Interest - January 17, 2024 11:00 - 33 minutesGreg 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 s...
The Road Ahead for Community Banks in 2024
Banking with Interest - December 12, 2023 11:00 - 40 minutesDerek 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.
Attack of the (Voice) Clones: The Perils of AI for Banks
Banking with Interest - December 05, 2023 11:00 - 35 minutesAs 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...
How FHLB Reform Can Help Banks, Housing
Banking with Interest - November 28, 2023 11:00 - 42 minutesCornelius 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 rule...
Quarles on Capital Plan, SVB Criticism, Interest Rates & Fed Power Dynamics
Banking with Interest - November 14, 2023 10:00 - 56 minutesRandal 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 ta...
Inside the Conviction of SBF – And What It Means for Crypto, Banks
Banking with Interest - November 07, 2023 11:00 - 41 minutesZeke 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.
The Case Against a U.S. Retail CBDC
Banking with Interest - October 31, 2023 10:00 - 41 minutesChristina 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.
Everything Banks Need to Know about the Final CRA Rule
Banking with Interest - October 25, 2023 10:00 - 22 minutesEbrima 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 r...
The CFPB Is Here to Stay, So What's Next?
Banking with Interest - October 17, 2023 10:00 - 32 minutesNow 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.
Community Bankers Are Tired of Being Jerked Around
Banking with Interest - October 03, 2023 10:00 - 34 minutesSteve 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.
End of an Era: Deposit Gathering Near Rate Cycle Peak
Banking with Interest - September 26, 2023 10:00 - 42 minutesMatt 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 hi...
Are Bank Regulators Overstepping Their Legal Authority?
Banking with Interest - September 19, 2023 10:00 - 44 minutesJonathan 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 focus...
The Case Against Higher Bank Capital Requirements
Banking with Interest - September 12, 2023 10:00 - 35 minutesKevin 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.
Have We Learned the Wrong Lessons From SVB's Failure?
Banking with Interest - July 26, 2023 10:00 - 37 minutesSteven 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 ...
Beyond the Hype: How FedNow Will Change Payments
Banking with Interest - July 19, 2023 10:00 - 42 minutesAaron 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.
How Twitter’s Possible Demise Could Impact Bank Policy Discussions
Banking with Interest - July 12, 2023 10:00 - 38 minutesSean 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...
The Looming Battle Over Bank Capital Requirements
Banking with Interest - June 28, 2023 10:00 - 26 minutesJohn 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...
Santander US CEO Wennes on Regional Banks, Capital Regs and Reaching Gen Z
Banking with Interest - June 13, 2023 10:00 - 31 minutesTim 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 tar...
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