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28min chapter
S8 E2: Bank Nerd Corner: What Are Shadow Banks?
Fintech Takes
Understanding Consumer Shadow Banks and the Need for Regulation
This chapter delves into the concept of consumer shadow banks, explaining their focus on maturity transformation and examining various types such as money transmitters, stablecoin issuers, imitation banks, and crypto banks. The hosts discuss the risks associated with these institutions, emphasizing the importance of regulation by entities like the Consumer Financial Protection Bureau to protect consumers. The conversation also touches on challenges faced by fintech companies offering financial products that blur the line between investments and banking services, highlighting the need for clarity in communication and proper regulatory oversight.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode