Fintech One•On•One Armen Meyer on the impact of the new Trump Administration on fintech and banking
[Editor's note: This interview was recorded on November 13 and in the fast-moving transition to a new administration, some items discussed here as possible or unlikely have already come to pass.]
The new Trump Administration is going to have a dramatic impact on leadership at Federal banking regulators as well as on the new rules impacting fintech. So, I thought it would be useful to bring on an expert to tease out this impact and how fintechs can adapt to the changing of the guard.
My next guest on the Fintech One-on-One podcast is Armen Meyer, the Co-Founder of the American Fintech Council, the former head of public policy at LendingClub and a public policy expert. We cover a lot of territory on this show as Armen prognosticates on what the change of administration could mean for fintech.
In this podcast you will learn:
- Armen's history with fintech and forming the American Fintech Council.
- What changes we are likely to see at the top of the regulatory agencies.
- Why the Federal Reserve will see a lot of noise under Trump.
- Why the CFPB will not focus their attention on Section 1033.
- What might happen with the new BNPL rules.
- The future of the credit card late fee rules.
- What might happen with EWA, overdraft rules and regulating big tech.
- The impact on BaaS bank consent orders.
- How the state regulators may react to the changes at Federal agencies.
- How the pendulum swing back and forth between Democrats and Republicans impacts banking and fintech.
- What the end of the Chevron Doctrine might mean for fintech.
- Whether we will see some kind of new limited fintech or payments charter.
- Why Armen is optimistic for the new Trump Administration.
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