PODCAST · news
Bankshot
by American Banker
A podcast about banks, finance and the world we live in.
Episodes
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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.
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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 a populist appeal to consumers, while regulators say more capital is what's needed to save banks from more crises — and help consumers.
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Buy the People: Why everyone loves to hate the Fed
The Federal Reserve, 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.
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Buy the People: Red as Rust — Sherrod Brown's battle for Ohio's populist vote
Senate Banking Committee Chairman Sherrod Brown 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 the political undercurrents…
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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 Bankshot, which explores how populism has emerged as a driving force in financial regulation.
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Ep. 69: What banks need to know about the employee-owned business boom
The number of businesses shifting to an employee ownership model 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.
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Ep. 68: A peek into the future of payments
How the next generation of payments technology is being developed in fields such as public transit, sports and long-haul trucking.
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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 Federal Home Loan Banks' role 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 original purpose of...
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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 changing supervisory culture is easier said than...
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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 that were shaped in part by past discriminatory...
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Ep. 64: Earned wage access: Early payday or payday loan?
Fintechs created earned wage access 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.
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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 the crypto industry 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 revealed deep fault lines...
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Ep. 62: A tiny credit union's tall order
Holy Trinity Baptist Church Federal Credit Union has about $24,000 in assets, making it one of the smallest credit unions in the U.S. But it has survived and thrived over the past 50-plus years with low overhead and a small but loyal membership.
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Ep. 61: The long shadow of the 2023 banking crisis
The failures of Silicon Valley Bank and Signature Bank sent a shockwave through the financial system. Even if the worst is behind us, the event will have enormous consequences for banking regulation and supervision for years to come.
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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 the solution has taken years.
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Ep. 59: Behind the Wells Fargo story: An elusive corporate insider opens up
A reporter tried for more than two years to speak with Michael Bacon, 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.
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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 an overhaul of the industry's governance structure.
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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 bank regulatory trajectory for at least the next two years.
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Ep. 56: Cannabis banking reform is almost here. What happens next? (Updated)
Congress is expected to pass the SAFE Banking Act by year-end in one way or another. Bankers can learn a thing or two from others who have already taken the plunge.
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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 it can still get worse.
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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 is DeFi the future or hype?
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Ep. 53: Banks' battle against IRS reporting isn't over
The banking industry 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.
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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 it's easier said than done.
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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 technology alone can't solve. Featuring: Jennifer Tescher, President and CEO, Financial Health Network Joseph Bayen, Founder and CEO,...
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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 could be impossible.
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Ep. 49: Banks' forever war against cyberattacks
Hackers are targeting banks 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, Morrison & Foerster...
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Ep. 48: Can cryptocurrency become mainstream?
Digital currencies are exploding in popularity but are still a long way from being integrated into the financial system. Featuring: Marc Hochstein, executive editor, Coindesk Greg Baer, President and CEO, Bank Policy Institute Karen Petrou, managing partner, Federal Financial Analytics Jo Ann...
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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 independence harder to maintain.
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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 — with or without banks.
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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 without its own rules is unclear.
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Ep. 44: Regulators want to stress-test banks for climate risks. Can it work?
Regulators around the world are exploring how to assess banks' exposures to climate change risks. But they'll have to tackle legal, economic and modeling problems that don't have obvious solutions.
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Ep. 43: Hitting the brakes on subprime auto lending
Looming defaults and the potential for heavier regulatory scrutiny have prompted banks to pull back from the sector. Is that a good thing?
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Ep. 42: The long and the short of market manipulation
Retail investors revolted against institutional investors by buying heavily shorted stocks in January, reanimating regulatory concerns about short selling and market manipulation. But is shorting a check on speculation, or a driver of it?
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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?
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Access Denied episode 5: The financial media
Like in the industries its reporters cover, the lack of Black representation in business and financial media has created blind spots. Predominantly white newsrooms often miss stories about systemic racism or fail to reach an audience of more than one demographic. In the wake of this summer's…
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Access Denied episode 4: Allocation and exacerbation
Asset and capital allocations often exacerbate systemic racism across the financial services in some surprising ways. Innovators in the fields of asset management, banking, impact investing and pensions suggest there are also many ways to disrupt the cycle. Shifting the flow of capital could help...
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Ep. 40: What to expect when you're expecting divided government
President-elect Joe Biden will likely have to contend with a Republican-controlled Senate. That could have important implications for his approach to financial services policy.
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Access Denied episode 3: Representation
The lack of Black representation in the financial services 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...
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Ep. 39: Why is it so hard for a fintech to become a bank?
The success of some fintechs in getting bank charters this year only underscores how onerous the process remains for many others. That's unlikely to change unless policymakers reconsider what it means to be a bank.
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Access Denied episode 2: Underserved or ignored?
Racism at the branch and in the workplace makes it harder for Black Americans to gain access to financial services. In the second episode of the Access Denied podcast, innovators and researchers from the fields of human resources, banking and wealth management explain how industries leave people...
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Ep. 38: A Fed digital currency looks inevitable. So do the problems.
A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider.
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Access Denied episode 1: The wealth effect
In this featured episode from the Arizent special series, net worth disparities and the roles housing and mortgage discrimination play in Black homeownership show how it's impossible to close the gaps without eliminating racism.
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Ep. 37: The last thing investors need is a contested election
A disputed outcome could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term.
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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. Is there a better way?
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Ep. 35: Why won't Congress fix flood insurance?
For decades lawmakers have ignored broad structural flaws in the National Flood Insurance Program, which underpins millions of home mortgages. And the problem is only getting worse.
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Ep. 34: Making sense of a bull market in a bear economy
The stock market has reached record highs despite rampant unemployment, recession and a global pandemic. What gives?
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Ep. 33: Postal banking is a solution, but to which problem?
With the USPS emerging as an election-year flashpoint, postal banking is an idea that could gain steam. But a number of proposals are out there, and they have widely varying implications for financial inclusion.
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Ep. 32: Libor is out, but SOFR isn't quite in
As the discredited Libor interest rate benchmark enters its last months, some banks are turning away from the repo-based alternative that regulators prefer. What could go wrong?
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Ep. 31: Can small-dollar loans be both profitable and fair?
Regulators are urging banks to offer small-dollar loans again and lifting existing restrictions on nonbank lenders. But the real challenge is making those loans favorable to consumers without losing money.
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Ep. 30: What would a Democratic sweep mean for banking?
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.
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Frequently Asked Questions
How many episodes does Bankshot have?
Bankshot currently has 81 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Bankshot about?
A podcast about banks, finance and the world we live in.
How often does Bankshot release new episodes?
Bankshot has 81 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to Bankshot?
You can listen to Bankshot on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Bankshot?
Bankshot is created and hosted by American Banker.
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