Evan Weinberger, a banking reporter at Bloomberg Law, dives into the Trump administration's controversial plans to potentially eliminate the FDIC or merge it with other agencies. He discusses ongoing conflicts at the CFPB and the implications of its recent regulatory changes, like the new overdraft rule. The conversation sheds light on the historical context of financial regulation, the challenges faced under a Republican Congress, and how these factors might reshape banking oversight in the future.

Evan Weinberger, Bloomberg Law’s banking and fintech regulatory correspondent, joins the discussion on the latest in fintech regulation. They tackle the complex tug-of-war between traditional banks and fintechs over tighter regulations. The conversation highlights recent CFPB actions revealing cracks in fintech-bank partnerships and the vagueness of the Bank Service Company Act. With humor, they share memorable moments from CFPB history, while emphasizing the critical need for clearer guidelines to protect consumers in this evolving landscape.