There’s one key aspect of the current CFPB situation that I haven’t seen discussed, and which actually surprises many people to whom I talk; there is broad agreement, both inside and outside the CFPB, on many of the issues with the CFPB.

According to Google, the only time the OCC has previously used this phrase was in the context of the special purpose national bank charter idea. occ.gov/publications-a… occ.treas.gov/publications-a… Today's press release has nothing to do with that, but kind of funny...

I wish this sounded more implausible ….

Curious if this is the pro bono work Paul Weiss will assist with …

As a lawyer who writes—& enjoys doing so—a lot of terms, this seems like it would be the most painful terms to ever write …

On bank charters: *FDIC considering scenarios where certain applicants (e.g., community banks in underserved areas) should be subject to adjusted standards *Reevaluating how FDIC processes applications from banks with "new or innovative" business models *Working on an RFI on ILCs

It’s still wild to me that the Nats advertise Terra … man - contractual obligations … would love to see this agreement about how, despite everything that’s happened, the Nats still have to display it (there’s no way that the Nats are still being paid??)

20/ Here's me watching the large banks trying to kill a rule to cover the industry and make everyone play nice and funnel data access to APIs, colliding with a turbocharged agentic AI near-future where millions of AI agents crash the gates of every core and IT firewall.

An account with 184 followers has achieved de-escalation between two of the most powerful people in the world.

Amist the excitement about the Blockchain Regulatory Certainty Act being included in the Clarity Act comes a major definitional problem: BRCA requires a person to "possess" a digital intangible which is physically & legally impossible. A thread on the problem & how to fix it: /1

This fat fuck ate every single pepper in my garden

The challenge in analyzing JPMorgan Chase's proposed pricing for open banking data access is that the pricing is trying to accomplish multiple goals. I think it's worth pulling those goals apart and trying to understand the motivations behind this aggressive move from JPMC. So,

If you think that “open banking experts” 1. Know the basics and 2. Honestly state them, you’d be wrong! So Detective Joe Friday is here (on a Tuesday) for “just the facts” on how it works…

1/ 🚨Chase seems to have pissed off the CFPB 🚨

This is a great thread - and the JPMC people commenting to each other for standards setting body is amusing (in a sad way)

So I don’t get very political on here - but I live in DC. West End is one of the safest neighborhoods (& crime is down in DC, as it is in most major cities …). Is this a video of like 12 people arresting the guy who threw a sandwich? This video isn’t parody?