Bank Nerd Corner welcomes Dan McGonegle, a senior manager at Crowe and the former manager of the novel activities supervision program at the Federal Reserve Board.
Kiah and Dan chat about their Money 20/20 game plan before moving into a broad conversation about bank chartering activity and the application process. It can be a lot to keep up with: A number of companies have applied for charters ranging from industrial loan charters, full commercial bank charters and national trust charters. There’s also interest in pairing them with Fed master accounts.
They talk about the competition these companies introduce to the traditional and legacy bank space, how bank regulation is balancing the tension between supervision and policy and his thoughts on the friend/foe dynamic banks have with stablecoins.
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Follow Kiah:
LinkedIn: https://www.linkedin.com/in/khaslett/
Twitter: https://twitter.com/khaslett
Follow Dan: https://www.linkedin.com/in/dan-mcgonegle-45602071/
