Ep. 30: What would a Democratic sweep mean for banking?

FromBankshot

Start listening View podcast show

Ep. 30: What would a Democratic sweep mean for banking?

FromBankshot

ratings:

Length:

20 minutes

Released:

Jul 16, 2020

Format:

Podcast episode

Description

While most of the public attention has been on Joe Biden's lead in presidential polls, any true overhaul of the bank regulatory landscape hinges on whether Democrats can retake the Senate — and by what margin.

Released:

Jul 16, 2020

Format:

Podcast episode

Titles in the series (81)

A biweekly podcast about banks, finance and the world we live in.

Skip carousel

Ep. 41: Rightsizing the Fed’s emergency lending powers: The Federal Reserve has the authority to lend to nonbanks in an emergency, and it isn't afraid to use it. But is that authority too broad — or too narrow? by Bankshot
34 min listen
Ep. 4: 'Merge or Die': The banking industry is entering an a new wave of consolidation, but debate is still raging about whether that's good for consumers by Bankshot
26 min listen
Ep. 1: Greed isn’t good enough: Changing demographics and cultural trends are making bank CEOs think beyond profitability and toward addressing what they stand for. by Bankshot
18 min listen
Ep. 10: CECL's uncharted territory by Bankshot
27 min listen
Ep. 2: The unstable stability council: At first the Financial Stability Oversight Council wanted to target individual nonbanks that pose a risk to the economy. Now it wants to target activities rather than firms. Is that a good idea or a political ploy? by Bankshot
22 min listen
Ep. 15: Libor is ending. We aren't ready: The most widely-referenced interest rate benchmark will cease to function after 2021, and the financial system is still coming to grips with that complicated reality. by Bankshot
28 min listen
Ep. 5: What is the 'branch of the future'?: Branches are closing at the fastest pace in years, and keeping them relevant to customers is a problem banks are being forced to solve in ever more creative ways. by Bankshot
22 min listen
Ep. 7: The evolution of the Fed's stress tests: Stress tests have come a long way since first unveiled to shore up confidence in banks. But some critics fear that proposals to make the system more efficient would compromise its safety. by Bankshot
32 min listen
Ep. 3: 'Banks are a big, fat target': Inside the 2020 race: Presidential candidates may not be talking about banking now, but that's likely to change as the Democratic primary heats up by Bankshot
31 min listen
Ep. 6: Why is the U.S. payments system still so slow?: The U.S. still relies on antiquated payment processing technologies while other countries can process in real-time. What's the holdup? by Bankshot
25 min listen
Ep. 21: The devil and the details of CRA reform: Banks and public advocacy groups agree that the Community Reinvestment Act needs to change. But is the latest proposal moving in the right direction? by Bankshot
31 min listen
Ep. 9: Is leveraged lending a systemic risk?: Lending to companies with heavy debt loads is a growing business — one that many fear could lead to the next financial crisis. by Bankshot
22 min listen
Ep. 13: Are AML rules catching only the ‘stupid’ criminals?: Anti-money-laundering regulations are among the most costly, and few criminals get caught. Banks say there’s a better way. by Bankshot
28 min listen
Ep. 17: Financial abuse of elders is getting worse: Elder financial exploitation is a vast and growing problem in the U.S., and one that presents difficult policy challenges for law enforcement and banks. by Bankshot
27 min listen
Ep. 16: Do big credit unions act too much like banks?: From expanding their membership to buying naming rights for major stadiums, big credit unions are taking unfair advantage of their tax exemption, bankers and industry observers argue. by Bankshot
29 min listen
Ep. 18: Has banking become too political?: Large banks are increasingly taking stands on social issues like gun rights and climate change. Some see this as a troubling development. by Bankshot
35 min listen
Ep. 11: 'Farmers are caught in a liquidity trap': America's farms have taken on near-record levels of debt in recent years, and commodity prices and trade wars are putting pressure on farm country. That could spell bad news for bankers that lend to them. by Bankshot
26 min listen
Ep. 14: Who’s afraid of the narrow bank?: A new kind of institution wants to make the interest rate that the Federal Reserve pays to its member banks more widely available, but that could have big implications for monetary policy. by Bankshot
30 min listen
Ep. 12: Facebook’s bid to break banking: The social media giant says its cryptocurrency project can bring services to the world's unbanked. Lawmakers and regulators aren’t so sure. by Bankshot
21 min listen
Ep. 8: The 'secret enforcement tool' that has bankers spooked: Banks claim that regulators have been avoiding using a transparent public process to implement new regulations, opting instead to use informal guidance that has the impact of policy. by Bankshot
24 min listen
Ep. 24: Banks brace for a new normal in commercial real estate: The office and retail markets could look very different in the aftermath of the coronavirus pandemic. Here's what it could mean for lenders. by Bankshot
27 min listen
Ep. 19: Why reforming Fannie and Freddie is so hard to do: As the administration gears up to end a decade of government control of Fannie and Freddie, are there any good options? (Part 1 of 2) by Bankshot
22 min listen
Ep. 23: Is it time to worry about inflation — or deflation?: With the government pumping trillions of new spending into the economy, experts are questioning the Federal Reserve's ability to keep prices stable. by Bankshot
23 min listen
Ep. 36: The real cost of overdraft fees: The fees have helped banks recoup costs of free or low-cost checking accounts for decades, but they can penalize low-income customers and drive them away from banking. by Bankshot
29 min listen
Introducing Zero Day: From the producers of Bankshot comes a five-part series on cybersecurity called Zero Day. Cybersecurity is one of the leading sources of risk for the financial system, but no one seems to be doing much to address that risk. This series explores why... by Bankshot
23 min listen
Ep. 20: Can the Trump administration reform housing on its own?: With Congress deadlocked on a future for Fannie Mae and Freddie Mac, the administration is prepping to move by itself. by Bankshot
25 min listen
Ep. 37: The last thing investors need is a contested election: could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term. by Bankshot
32 min listen
Access Denied episode 3: Representation: The lack of stems from two interconnected problems. Black professionals face significant hurdles once they break into the industry. And the presence of nearly 175,000 Black financial professionals displays that their widespread absence at the upper... by Bankshot
48 min listen
Leaders preview: Hear and be heard: A sneak peek of a new podcast launching on American Banker later this summer as part of our Leaders forum, where senior voices and innovators will share their leadership experiences and perspectives on business-critical topics. Arizent CEO Gemma... by Bankshot
18 min listen
Ep. 29: How COVID-19 could alter the regulatory landscape: The 2008 financial crisis transformed banking regulation. But how have those changes held up in the current recession, and what might be coming next? by Bankshot
30 min listen

More Episodes from Bankshot

Skip carousel

Buy the People: Why the CFPB is a lightning rod government agency: The Consumer Financial Protection Bureau was created to protect the people from financial predation. But there are very different interpretations of what that means, and whether the people should be protected by — or from — the government. by Bankshot
32 min listen
Buy the People: Two visions, one rule – How Basel injected populism into bank capital: A regulatory proposal to raise bank capital has spurred banks to fight back with , while regulators say more capital is what's needed to save banks from more crises — and help consumers. by Bankshot
31 min listen
Buy the People: Why everyone loves to hate the Fed: , historically a secretive and isolated institution, has made a concerted effort to explain itself to and be understood by the public since 2008. But try as it might, the central bank is still viewed by many as an enigma, if not an enemy. by Bankshot
39 min listen
Buy the People: Red as Rust — Sherrod Brown’s battle for Ohio’s populist vote: Senate Banking Committee Chairman faces a tough 2024 campaign to recapture his Ohio senate seat in a state that’s increasingly Red. Can the same state that elected conservative populist firebrand J.D. Vance also re-elect Sherrod Brown? And what do... by Bankshot
25 min listen
Coming soon: Buy The People, a Bankshot season on populism in finance: American Banker editor-in-chief Chana Schoenberger and Washington bureau chief John Heltman talk about the new season of , which explores how populism has emerged as a driving force in financial regulation. by Bankshot
9 min listen
Ep. 69: What banks need to know about the employee-owned business boom: The number of businesses shifting to an has ballooned in recent years, and experts say that trend is likely to accelerate. That could have important implications for banks aiding that transition and for the future of small business lending. by Bankshot
28 min listen
A peek into the future of payments: How the is being developed in fields such as public transit, sports and long-haul trucking. by Bankshot
23 min listen
Ep. 67: The ‘poignant American drama’ of the Home Loan Bank System: The failures of Silicon Valley Bank, Signature Bank and First Republic brought to light the as a ‘lender of next-to-last resort.’ Some critics say that the review from the Federal Housing Finance Association should bring the system back to its... by Bankshot
22 min listen
Ep. 66: How this spring’s bank failures will shape bank supervision: A string of big bank failures this spring has cast all manner of regulatory policies into question, but perhaps the most vexing — and most consequential — is the relationship between banks and their government supervisors. But changing an already... by Bankshot
24 min listen
Ep. 65: Banks, Buffalo and a mass shooting – How the industry can help heal a targeted community: In the aftermath of last year’s racially motivated mass shooting in a predominantly Black community in Buffalo, New York, American Banker reporter Allissa Kline explores what responsibility banks have to help segregated, impoverished communities... by Bankshot
34 min listen
Ep. 64: Earned wage access: Early payday or payday loan?: Fintechs created so cash-strapped employees could get an advance on their next paycheck to cover urgent expenses. Some say repeat usage of fee-based EWA resembles a payday loan, sparking debate over whether regulators should call EWA a loan. by Bankshot
23 min listen
Ep. 63: Unraveling the fallout from FTX's spectacular collapse on the crypto sector: The demise of FTX, a prominent crypto exchange, late last year, has left grappling with the consequences and uncertainties left in its wake. As the crypto sector teeters on the edge of more forceful regulation, the aftermath of FTX's explosion has... by Bankshot
44 min listen
Ep. 62: A tiny credit union's tall order: Holy Trinity Baptist Church Federal Credit Union has about $24,000 in assets, making it But it has survived and thrived over the past 50-plus years with low overhead and a small but loyal membership. by Bankshot
28 min listen
Ep. 61: The long shadow of the 2023 banking crisis: The failures of Silicon Valley Bank and Signature Bank sent a Even if the worst is behind us, the event will have enormous consequences for banking regulation and supervision for years to come. by Bankshot
36 min listen
Ep. 60: Lost in translation: Why non-English speakers can struggle at banks: Consumers who aren’t proficient in English have long struggled to get help from banks in their preferred language. Banks and regulators are trying to fix that, but by Bankshot
26 min listen
Ep. 59: Behind the Wells Fargo story: An elusive corporate insider opens up: A reporter tried for more than two years to speak with , the megabank’s former chief security officer. Bacon eventually sat for around 30 interviews, painting a detailed picture of the Wells executive suite as the fake-accounts scandal unfolded. by Bankshot
22 min listen
Ep. 58: Home appraisers are fed up with how their industry is run: Frustrations with gatekeeping, a lack of diversity and the way home appraisal is overseen are spurring many practitioners to call for by Bankshot
42 min listen
Ep. 57: Can congressional Democrats beat back a red wave?: Democrats are disfavored in this year's midterm elections, but several factors are keeping races close. The outcome will affect the for at least the next two years. by Bankshot
23 min listen
Ep. 56: Cannabis banking reform is almost here. What happens next? (Updated): Congress is expected to pass the by year-end in one way or another. Bankers can learn a thing or two from others who have already taken the plunge. by Bankshot
28 min listen
Ep. 55: Should banks be more worried about World War III or Cold War II?: Russia’s invasion of Ukraine has isolated the nuclear power from much of the Western economy, worsening already fraught global supply chains and increasing uncertainty. But by Bankshot
22 min listen
Ep. 54: The revolution will not be centralized: Decentralized finance, or DeFi, could revolutionize the way money works, how it is controlled and how its power is distributed. But by Bankshot
38 min listen
Ep. 53: Banks’ battle against IRS reporting isn’t over: has been working to beat back a proposal that would require banks to disclose certain customer account information to the Internal Revenue Service. But even if they succeed, the problem of unreported taxable income isn't going away. by Bankshot
32 min listen
Ep. 52: What will it take to get banks back into remittances?: Immigrants transfer billions overseas every year, and that market is dominated by nonbanks, crypto and fintechs. Those services could help banks get more customers in the door, but by Bankshot
26 min listen
Ep. 51: Have fintechs cracked the financial inclusion code?: Many fintech companies are offering quality, low-cost services to people who are left out of mainstream banking. But low-income consumers face barriers that . Featuring: Jennifer Tescher, President and CEO, Financial Health Network Joseph Bayen,... by Bankshot
41 min listen
Ep. 50: Will there ever be a Basel V?: The Basel III reforms initiated after 2008 and the hard-fought Basel IV provisions completed in 2017 made banks more resilient. International consensus on new challenges like climate change and cybersecurity by Bankshot
25 min listen
Ep. 49: Banks’ forever war against cyberattacks: more frequently and more effectively. There’s not much the industry or government can do about it. Featuring: Paul Benda, SVP of Operational Risk and Cybersecurity, American Bankers Association Mark Stamford, CEO, Occamsec Nathan Taylor, Partner,... by Bankshot
31 min listen
Ep. 48: Can cryptocurrency become mainstream?: are exploding in popularity but are still a long way from being integrated into the financial system. Featuring: Marc Hochstein, executive editor, Greg Baer, President and CEO, Karen Petrou, managing partner, Jo... by Bankshot
33 min listen
Ep. 47: It's getting harder to keep the Fed out of politics: Institutional independence is a big part of what makes the Federal Reserve work. But quantitative easing, new forays into climate and digital currency and a blurring of the line between monetary and fiscal policy might make that by Bankshot
34 min listen
Ep. 46: Unchartered territory: How Indigenous communities are banking themselves: Indigenous reservations have some of the highest concentrations of unbanked Americans in the country. But tribes are finding ways to get things done — by Bankshot
45 min listen
Ep. 45: What will it take for open banking to take hold in the U.S.?: Europe has encouraged adoption with rules that put consumers in control of the way their data is shared among banks, fintechs and third-party vendors. Whether the U.S. can make similar progress by Bankshot
26 min listen

Discover this podcast and so much more

Ep. 30: What would a Democratic sweep mean for banking?

Ep. 30: What would a Democratic sweep mean for banking?

Description

Titles in the series (81)

More Episodes from Bankshot