This week we’re back with the fabulous Kiah Haslett for another round of Bank Nerd Corner.
What does Kiah really think about Alex’s pickup basketball skills? And did Michelle Bowman from the Federal Reserve Board of Governors really just ask Kiah what she thought of her speech?
Alex and Kiah catch up on all the Money 20/20 news before diving into the proposed congressional law around debit interchange. With the new interchange fee going from 24 cents to 17 cents per transaction, Alex can’t wait for the savings to hit his daughter’s college tuition fund any day now. Just er… um… who’s gonna tell him the bad news? Someone’s gonna tell him, right?
Then, Alex and Kiah discuss some hot scuttlebutt from Money 20/20, including 1033 of the Dodd Frank Act which gives the CFPB the authority to regulate consumer-permissioned data-sharing. Will this open sharing of pricing information drive more competitive price shopping behaviors?
And stay tuned, as Kiah and Alex debate whether or not anyone still knows how to use checks anymore, if stock prices (and the valuation of fintech and banking companies) are simply based on vibes, and if coins are truly dead.
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