RegFi Podcast

Orrick
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Oct 28, 2024 • 31min

CFPB’s 1033 Rule: Where to From Here?

Orrick Partner John Coleman joins the RegFi podcast for a conversation about what lies ahead for the CFPB’s finalized 1033 rule, including uncertainties created by litigation challenges, election results and the need for additional policy guidance and technical standards. The discussion also highlights key changes from the proposed rule, including extended compliance deadlines, threshold exemptions for smaller depository institutions, secondary use of consumer data and the role of standard-setting organizations (SSOs). Additional 1033 Coverage: The CFPB’s Final Rule on Personal Financial Data Rights: What Financial Institutions Should Know (Orrick Insight) RegFi Ep. 22: Data Sharing and the 1033 Rule: An Industry Perspective with Ramon Gomez RegFi Ep. 5: The CFPB’s 1033 Rule in a Nutshell Links: Orrick Financial & Fintech Advisory RegFiPodcast.com
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Oct 16, 2024 • 34min

Digital Infrastructure, Fintech and the Future of Banking

Alex Acree, Chief Legal Officer at Unit, joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to explore the role that a financial services infrastructure company can play in the evolving delivery of financial services to consumers and businesses, strategies for innovative financial services startups to secure capital, and regulatory developments and challenges facing fintechs and banking-as-a-service providers. Links: Unit Finance Orrick Financial & Fintech Advisory RegFiPodcast.com
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Oct 2, 2024 • 34min

The Future of Financial Services: AI, Bots and the Metaverse

David Birch, an internationally recognized expert in digital identity and money, joins co-hosts Jerry Buckley and Caroline Stapleton. They explore how AI and bots are reshaping financial services, discussing the efficiencies they bring to transactions and the challenges banks face in adapting. Birch delves into the metaverse's potential for socializing and transactions, while also examining the evolving role of cryptocurrencies and digital currencies in our economy. The conversation highlights the need for ethical practices in this rapidly changing landscape.
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Sep 18, 2024 • 31min

Consumer Banking in a Rapidly Changing Competitive and Regulatory Environment

Kelvin Chen, Senior Executive VP and Head of Policy at the Consumer Bankers Association, shares insights from his extensive experience in regulatory affairs. He discusses the evolving landscape of consumer banking and the Credit Card Confidence Campaign aimed at enhancing consumer understanding. Chen highlights the impact of tech advancements like AI in banking regulations, the need for cohesive federal guidelines, and the importance of communication between regulators and the industry to ensure consumer protection.
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Sep 4, 2024 • 34min

Challenges and Opportunities in Banking Today: An Economist’s Perspective

Larry White, a prominent economist and NYU professor, shares insights on the banking industry's complex landscape. He discusses the pressing challenges posed by commercial real estate loans and the potential repercussions for community banks. The conversation shifts to the Federal Reserve's balancing act with inflation, highlighting its nuanced effects across different socioeconomic groups. Finally, White examines how AI is reshaping financial services, addressing both its transformative potential and the risks posed by malicious use, underscoring the need for robust regulatory oversight.
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Aug 21, 2024 • 33min

Principles Over Prescriptions: Rethinking Fintech Regulation

RegFi hosts Jerry Buckley and Sasha Leonhardt welcome Tom Brown, Partner and General Counsel at Nyca Partners, a venture capital firm specializing in fintechs. Tom provides a critical analysis of the current financial services regulatory environment and offers an insider’s perspective on other pressing issues and opportunities in the fintech marketplace. The discussion explores the regulatory challenges fintech companies face today, particularly the fragmented state-by-state regulatory framework in the U.S. Tom advocates for a more unified, passporting regime similar to Europe, which could streamline operations and foster innovation. The conversation also touches on the complexities of navigating banking partnerships, the potential for a more principle-based regulatory approach, and policy considerations surrounding the adoption of a U.S. digital currency. Links: Nyca Partners Orrick Financial & Fintech Advisory RegFiPodcast.com
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Aug 7, 2024 • 23min

Investing in Financial Inclusion with Kabir Kumar

Kabir Kumar, partner at Flourish Ventures, joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to explore the fundamental role of technology in expanding access to fair and stable financial systems. Kabir explains how “fair finance principles” and a thesis-based investment strategy guided Flourish’s growth from a team within the Omidyar Network into an $850 million fund promoting global financial inclusion through strategic fintech investments. He shares insights on the technology trends helping to strengthen financial ecosystems and develop emerging markets, including generative AI tooling to enhance data enrichment, fraud prevention, and regulatory compliance. Links: Flourish Ventures Omidyar Network Orrick Financial & Fintech Advisory RegFiPodcast.com
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Jul 31, 2024 • 30min

Beyond the Breach: The CISO’s Role as a Strategic Risk Manager

RegFi co-hosts Jerry Buckley and Sherry Safchuk welcome Orrick partner Aravind Swaminathan for a conversation exploring the critical and evolving role of the Chief Information Security Officer in today’s corporate landscape. Aravind emphasizes the importance of organizational culture in the success of cybersecurity efforts and the need for CISOs to be not just technical experts but also strategic business leaders who bring their talents to bear in broader corporate governance and risk management settings. Links: Orrick Cyber, Privacy & Data Innovation Orrick Financial & Fintech Advisory RegFiPodcast.com
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Jul 24, 2024 • 30min

Loper Bright, the End of Chevron and the Future of CFPB Rulemaking

In this episode of RegFi, hosts Jerry Buckley and Sasha Leonhardt welcome John Coleman, Orrick partner and former Deputy General Counsel of the CFPB, to discuss the Supreme Court’s Loper Bright decision overturning Chevron deference and its potential impact on the CFPB’s regulatory authority. The conversation looks at how Chevron has been applied, the implications for the Bureau’s future rulemaking, and how the decision might shape the future of financial regulation. John provides a deep dive into the nuances of Loper Brightand suggests how it could lead to more consistent, durable rulemaking that benefits both consumers and industry participants. Links: “The Supreme Court Shifted Power from Administrative Agencies to the Courts, but Don’t Expect Major Changes at the CFPB” by John Coleman (Law360) “Supreme Court Substantially Alters Review Framework For Federal Administrative Agencies” by Robert Loeb & Geoffrey Shaw (Orrick Insight) Orrick Financial & Fintech Advisory RegFiPodcast.com
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Jul 17, 2024 • 24min

Financial Innovation and Supervision with Tracy Basinger

RegFi co-hosts Jerry Buckley and Caroline Stapleton welcome podcast guest Tracy Basinger, former head of supervision at the Federal Reserve Bank of San Francisco and a senior advisor at the Klaros Group. Tracy brings a unique perspective on financial innovation to the conversation, informed by 30 years of experience in the Federal Reserve System, where she led the formation of the FSR's first fintech team and established initiatives to leverage new technologies for bank supervision. The group explores regulatory developments affecting fintech and banking as a service (BaaS), the revolutionary potential of artificial intelligence in the financial services sector, and innovative supervisory approaches, such as real-time data monitoring and supervisory dashboards, to keep pace with the rapidly evolving financial technologies. Links: Klaros Group Alliance for Innovative Regulation (AIR) Orrick Financial & Fintech Advisory RegFiPodcast.com

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