In this week’s episode of Fintech Recap, Jason Mikula and Alex Johnson unpack the latest in banking, fintech, and regulation after a trip to the American Fintech Council’s policy forum in D.C.

With Trump back in the White House, the landscape is shifting again. From open banking to the CFPB’s enforcement, we dive into what the next four years could mean for fintech and why regulatory stability might just be the innovation everyone needs.

Next, it’s back to BaaS Island, where Evolve’s promise of clarity on depositors’ balances falls flat. Instead of transparency, depositors are left with more questions than answers—and mere pennies on the dollar.

Then, we break down the CFPB’s finalized Larger Participant Rule, which puts payment giants like Apple Pay and Venmo under new scrutiny. Critics argue the rule misses the real risks, focusing on well-regulated players while leaving smaller, riskier firms untouched. Is this a move to protect consumers or a misplaced flex?

Finally, we delve into the unsettling world of crypto with Pump.fun’s dystopian meme coin chaos and Mark Andreessen’s wild claims about “Elizabeth Warren’s” fintech regulation, which sparked outrage across the board.

Tune in for the full breakdown.

00:14:22 - Fintech in the Next Four Years

00:26:04 - Return to BaaS Island

00:42:58 - The CFPB’s Larger Participant Rule

00:54:49 - Can’t Let It Go

Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/

And for more exclusive insider content, don’t forget to check out my YouTube page.

Follow Jason:

Newsletter: https://fintechbusinessweekly.substack.com/

LinkedIn: https://www.linkedin.com/in/jasonmikula/

Follow Alex:

YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos

LinkedIn: https://www.linkedin.com/in/alexhjohnson

Twitter: https://www.twitter.com/AlexH_Johnson

Wed. 05/08 – Bethesda Bloodbath

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