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Fintech Takes

Bank Nerd Corner: The "Would You Rather?" of Fintech Regulation

Mar 12, 2025
Michael Hsu, former Acting Comptroller of the Currency, joins the discussion, blending his regulatory expertise with a playful 'Would You Rather' game. They tackle key questions like the trade-offs between high-risk bank formations versus Banking as a Service. The conversation also delves into the necessity of either robust industry standards or direct oversight for consumer protection. Lastly, they explore the potential impact of stablecoins and the relevance of the Community Reinvestment Act in today's banking landscape. Tune in for a fun yet informative ride through fintech regulation!
01:26:30

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The necessity of clear paths for new DeNovo banks is highlighted to ensure competition and community service in a diverse banking environment.
  • A tension exists in fintech regulation between establishing robust standards that protect consumers while not stifling innovation within the industry.

Deep dives

Cultural Observations from Japan

The episode shares reflections on cultural dynamics in Japan, particularly regarding its cash-based economy. Observers note the heavy use of coins and the significance of cash transactions, suggesting a contrasting payment culture compared to more digital economies. The discussion highlights how the interface of transit cards functioning like super apps adds a modern twist to traditional practices. This raises questions about how such cultural differences in payment methods impact financial technology and consumer behavior.

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