The CFPB’s Personal Data Rights Rule: Exhale, but Don’t Get Comfortable
After nearly a year of deliberation, the Consumer Financial Protection Bureau has finally issued its final rule governing personal data rights, which is widely expected to set the framework for open banking in the US. Across 594 pages, the CFPB still somehow managed to kick the can down the road on several critical decision points.
Deliberating Debit, Contemplating Credit
Glen speaks with Jessica Heuer and Carrie Stapp about Velera’s recent Psychology of Payments study and strategies for engaging various segments of card users. Also- Durbin and Putin attempt workarounds, and Fiserv wades into uncharted waters.
AI, Open Banking are En Vogue
Glen checks in with Money 20/20 President Tracey Davies for a preview of the upcoming four-day Las Vegas extravaganza. Also- a slew of updates on Illinois’ interchange fiasco, a countdown to the CFPB’s open banking rule, and a desperate attempt to tie 1990s funky divas to 2024 payment headlines.
Show Me the Money
Glen speaks with key players at TruStage Ventures’ Fintech Summit: Discovery Fund Managing Director Elizabeth McCluskey on the state of early stage investing, founder Gwyneth Borden on Remynt’s journey to startup funding, and Maxwell’s co-founder John Paasonen on addressing the housing affordability gap. Also, surprising battle lines forming in the Illinois interchange showdown.
Digging Further at FinovateFall
Part 2 of our Finovate recap features interviews with three more standouts- Further, MoneyKit and Telesign- from an impressive batch of demoing companies. Plus- Glen reveals his Best of Show ballot, and serial entrepreneurs extend their winning streaks.
Big CU Energy on Display at FinovateFall
It didn’t take a futurist to predict that artificial intelligence would be the most visible technology on display at FinovateFall. But AI’s progress was not the main story at the annual conference that recently wrapped up in New York City. For me the key takeaways were the healthy cohort of up-and-coming companies, and an apparent tipping point in credit unions’ prominence in the fintech ecosystem.
The Best Things I Saw at FinovateFall
Glen speaks with two of his favorite fintechs he saw at the recently completed and highly engaging FinovateFall conference: Best of Show winner CardLift and fraud/dispute management platform Quavo. Also- an overview of the eight Best of Show winners, the inevitable artificial intelligence parade, and a pronounced shift in favor of credit unions.
Retaining Member Trust amid the Decline of Authority
Glen speaks with Managing Director Deidre Campbell about the Edelman Trust Barometer and its insights on consumer attitudes, with impact for financial institutions and beyond. We then detour into regenerative farming as Fintech South Innovation Challenge winner Alex Edquist discusses how her startup Good Agriculture empowers small farms. Also- banking’s version of the Tide Pod Challenge?
The Strange Bedfellows of Bitcoin
John and Glen riff on the role Bitcoin is suddenly playing in the presidential election, and the thorny issue of how the US government should “manage” its crypto holdings. Also- assessing the prospects beyond the bluster for productive crypto legislation, and the bizarre backstory of HODL.
Ill Communication on Illinois Interchange
The Illinois Credit Union League’s Tom Kane and Ashley Sharp go deep on the turmoil surrounding Illinois’ problematic new interchange law and the steps being taken to course correct. Also- Sam Altman’s Worldcoin moves fast and scans (personal) things, and…Backpedaling as a Service (BaaS)?