It’s me, brokered deposits, I’m the problem. It’s me. 🙂‍↕️ The FDIC proposed a rule change on how brokered deposits are treated - Alexandra Steinberg Barrage 🇺🇸🇨🇴 Jason Mikula Kiah Lau Haslett is a bank reporter (she/her) Alex Johnson & Jason Henrichs share their Hot Takes on the situation! #podcast 🎧 youtu.be/yW6m7yCif-A?si…

Question — who would be the best person to talk to about the customer service challenges inherent in BaaS and bank-fintech partnerships?

All credit building services should be free, opt in, and reporting both positive and negative data.

Happy Labor Day! fintechtakes.com/articles/2024-…

No one was able to give us a reasonable bid to replace the roof, so we’re doing it ourselves!

If you care about bank and fintech policy (and not just 1033), SMASH that subscribe button.

Costco Founder Mode

Now that the global chip shortage is mostly behind us, how did financial services fare—and what does it mean for the future? Last March in Bank Nerd Corner, Kiah Lau Haslett is a bank reporter (she/her) and I dived into why your bank cards were delayed 🎙️ Turns out, banks, like the auto and smartphone industries,

I keep seeing this retweeted. It's wrong. It's not "peer-to peer." Zelle requires a bank account. PayPal has pass-through on some accounts. Same with CashApp. And I have no idea where the "trillion dollars" comes from.

Lots of consolidation and partnerships are happening in the corporate expense management space. The insane “we’re going to do everything and compete with everyone” era is over.

Is the FDIC's proposal on brokered deposits an overreaction? 🤔 Don't miss this expert breakdown on brokered deposits, along with some #HotTakes on the proposal 🔥 bit.ly/3ASgDsA Jason Henrichs Kiah Lau Haslett is a bank reporter (she/her) Alex Johnson Jason Mikula Alexandra Steinberg Barrage 🇺🇸🇨🇴 #podcast #fintech #banking

Good!

What’s interesting about this is that there is a distinction between keeping an accurate ledger of your customer accounts (FBOs for fintechs) and keeping an accurate ledger of your customers’ customer accounts (which is required for things like FDIC pass-through insurance or

Always treat your counterparties (customers, vendors, partners, regulators, etc.) fairly and with respect. The world is too small these days to prioritize winning each individual negotiation over building and maintaining a good reputation.

If it's a credit card, then the benefit of not sharing actual card numbers is for the bank (which owns the liability for fraud losses) not for the consumer.

Strenuously agree with this. If you’re not willing to play using your real name (and there are legit reasons for this), play nice.

There are probably a few former Lambda School students who would be willing to indulge you.

The debate over whether EWA is a loan or not misses a more important point -> EWA is Data And building the best bank account requires having the most comprehensive data on how much money your customers actually have. fintechtakes.com/articles/2024-…