Fintech Business Podcast

Fintech Recap: BaaS Consent Orders, Trade Groups v. Colorado on DIDMCA

Apr 10, 2024

BaaS drama with consent orders, Chime's impressive customer numbers, Trade groups vs. Colorado on loans' origin, Visa/Mastercard settlement analysis, and discussion on FDIC logo misuse and fintech trolls on Twitter

53:20

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Quick takeaways

Legal battles over online lending highlight state vs. federal banking system complexities.

Consumer savings from Visa-MasterCard settlement uncertain, potential for confusion with discounts/surcharges based on card use.

Marketing errors like misusing FDIC logo show lack of adherence to regulatory guidelines, need for compliance awareness.

Deep dives

Banks Research Laws on Internet Lending

States like Colorado taking measures to limit out-of-state banks lending to residents. The impacts and complications of state versus federal dual banking system. Legal battles reflect consumer protection concerns.

Embracing AI Over Traditional Approaches

01:02

The Consent Orders on Bass Island

01:20

Chime's Secret to Acquiring New Customers

01:20

The Problem With the Mainstream Business Press

01:20

Introduction

2min

Regulatory Landscape and Banking Partnerships

19min

Chime's Growing Dominance and Potential IPO

19min

Exploring State vs. Out-of-State Bank Battles on Interest Rate Regulations

6min

Regulatory History and Consumer Impact of Payment Settlements

4min

Discussion on Misuse of FDIC Logo and Anonymous Fintech Troll Accounts on Twitter

4min

This month we had the chance to talk about:

* BaaS drama continues, with Piermont and Sutton receiving consent orders

* Chime has HOW MANY customers?

* Trade groups vs. Colorado on DIDMCA, or, where is an online loan “made”?

* Quick takes on the Visa/Mastercard settlement

* And, as always, what we just can’t let go of

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Fintech Business Podcast

Fintech Recap: BaaS Consent Orders, Trade Groups v. Colorado on DIDMCA

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Banks Research Laws on Internet Lending

Visa-MasterCard Settlement Raises Consumer Confusion

Marketing Mishaps with FDIC Logo on Websites

Unpleasant Experiences with Anonymous Fintech Troll Accounts on Twitter

Visualizing a Brighter Future for Online Financial Services

Embracing AI Over Traditional Approaches

The Consent Orders on Bass Island

Chime's Secret to Acquiring New Customers

The Problem With the Mainstream Business Press

Remember Everything You Learn from Podcasts