RegFi Podcast

Orrick partner Beth McGinn joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt for our second episode focused on the proposed American Privacy Rights Act and its potential impact on the financial services industry. Beth sets the stage with an overview of the current data privacy regulatory landscape for financial services providers, including updates to the GLBA Safeguards Rule, reporting and d...

If passed, the proposed American Privacy Rights Act would dramatically transform data privacy compliance obligations for companies operating in the United States. Shannon Yavorsky  — head of Orrick's global Cyber, Privacy & Data Innovation group  — joins RegFi co-hosts Jerry Buckley and Sherry Safchuk for a conversation about the background and purpose of the APRA, key provisions in the bill and i...

In our latest look at the CFPB's expanding supervisory authority of fintechs and other non-bank financial service providers, RegFi cohosts Jerry Buckley and Sasha Leonhardt welcome fellow Orrick partner — and former deputy general counsel for the CFPB — John Coleman. John shares his insights on recent developments, including the Bureau's public announcement of its intention to assert supervisory a...

Rick Bueno, the president and CEO of Cyber Reliant Corp, joins RegFi cohosts Jerry Buckley and Sasha Leonhardt to share his insights about post-quantum cyber risk. Rick explains how the exponential difference in computing power between quantum and classical computers will transform numerous industries, including financial services. These benefits come with the potential for a new generation of cyb...

Data is the lifeblood of the financial system, making cybersecurity threats a critical economic and national security risk. During this episode, RegFi cohosts Jerry Buckley, Sherry Safchuk and Sasha Leonhardt explore the operational and regulatory challenges of protecting financial services data from ransomware and other malicious exfiltration. The conversation outlines how financial services prov...

Orrick Partner Edward Somers joins Jerry Buckley and Sherry Safchuk for a conversation about the regulatory frameworks affecting electronic records and signatures for the origination and servicing of financial products. The group outlines the evolving relevance and interplay of the laws facilitating electronic transactions – including the Uniform Electronic Transactions Act (UETA), the federal E-S...

Jerry Comizio joins RegFi cohosts Jerry Buckley and Sherry Safchuk for a conversation about the intricate world of virtual currencies. Professor Comizio is Associate Director of the Business Law Program at American University's Washington College of Law, teaching one of the nation's first virtual currency law courses and authoring the seminal textbook Virtual Currency Law: The Emerging Legal and R...

The CFPB's Proposed Larger Participant Rule for Payments Providers, if adopted, will subject large tech companies providing payments services and mobile wallets to bank-like supervisory examinations of their payments activities. Tech companies offering consumer finance services are already subject to CFPB enforcement, but the proposed rule would result in ongoing regulatory supervision by the Bure...

Nick Cook joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt for a conversation about how regulators globally are approaching technological innovation, both in the markets they supervise and within their own operations. Nick is the Chief Innovation Officer at the Alliance for Innovative Regulation (AIR) and previously served as the Director of the U.K. Financial Conduct Authority's (FCA) Innov...

Ramon Gomez — Managing Director, Regulatory Affairs at JPMorgan Chase — joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt for a conversation about Section 1033 of the Dodd-Frank Act and its implications for consumer data sharing. Ramon helps unpack Section 1033 and how it aligns with the substance of the CFPB's proposed rulemaking, particularly with respect to "screen-scraping" and related pr...

FinRegLab Deputy Director Kelly Cochran joins RegFi cohosts Jerry Buckley and Caroline Stapleton for a conversation about how machine learning – including generative artificial intelligence – is used by consumer lenders and the evolving regulatory response. Kelly begins with a helpful distinction between the technologies commonly included under the broad "AI" moniker, noting that many of these alg...

Orrick Partner Jeff Hydrick joins Jerry Buckley and Sherry Safchuk for a look into the growing role of fintechs and other non-bank financial institutions in commercial financing. The conversation provides insights into the quickly growing sector, key market participants and legal and regulatory developments in the space. Among other topics, the discussion highlights the compliance challenges prese...

John Gulliver — the Executive Director of the Program on International Financial Systems and the Committee on Capital Markets Regulation — joins RegFi cohosts Jerry Buckley and Caroline Stapleton for a conversation about the evolving landscape of financial regulation, both domestically and internationally. John shares his perspective on how the U.S. financial regulatory regime compares to its inte...

Credit unions have been a crucial component of the American financial services ecosystem for over a century. Rodney Hood – former Chair of the National Credit Union Administration (NCUA) – joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt for a conversation about how credit unions are adopting technology to remain relevant in the digital economy. Rodney highlights the NCUA's Office of Technol...

In this RegFi episode, co-hosts Jerry Buckley and Sasha Leonhardt talk with Nat Hoopes, Head of Public Policy and Regulatory Affairs at Upstart. Nat shares insights into how fintech lending platforms can augment and improve upon traditional underwriting tools, help credit unions and smaller financial institutions reach more customers by driving digital transformation, and serve as a resource for b...

In this episode, RegFi hosts Jerry Buckley and Sherry Safchuk welcome Chris Hilliard, COO and founding member of Winnow Solutions, LLC. Chris draws upon his experience as the former chief compliance officer at Happy Money and his current role as a regtech founder to share insights on how fintechs and other financial services companies can meet evolving regulatory challenges. The conversation cover...

The CFPB's proposed rulemaking on digital wallets and payment apps would bring new regulatory supervision and compliance obligations to technology companies. RegFi co-hosts Jerry Buckley, Sasha Leonhardt, Sherry Safchuk and Caroline Stapleton delve into the rule's complexities and implications for large participants in the digital payment space. The conversation begins with an overview of the Bure...

RegFi kicks off 2024 by welcoming Greg Baer, President & CEO of the Bank Policy Institute (BPI). He shares his perspective on a broad range of topics affecting the banking sector, including the current regulatory landscape, competitive pressures from the so-called "shadow banking" sector, the CFPB's 1033 rule and the future of open banking, and the role of AI and other technologies in improving ba...

As the year draws to a close, we welcome Peter Renton to the RegFi podcast for a conversation about fintech trends from 2023 and what to anticipate moving ahead. Peter is the chairman and co-founder of Fintech Nexus and has developed a unique point of view covering the fintech industry for more than a decade. He sees the pace of change accelerating, creating exciting opportunities for technologica...

The United States has built a world-leading consumer credit sector, but many Americans cannot access reasonably priced credit. Dara Duguay, CEO of Credit Builders Alliance, shares her insights about policy changes, educational programs and technological innovations that are helping to close this gap for those who are "credit invisible" or otherwise face barriers to accessing the mainstream financi...

Kareem Saleh, co-founder of FairPlay, discusses the imperative of fairness and explainability in algorithmic lending with RegFi hosts Jerry Buckley and Sherry Safchuk. Kareem shares his goal to create a "fairness infrastructure" for lending: guardrails to help debias the models driving underwriting decisions and improve approval rates, especially for underserved communities. Kareem also shares his...

Raj Date, who took the lead in standing up the CFPB 12 years ago, sees significant and accelerating change ahead for the financial services industry. Whether regulators can keep up — protecting financial stability without stifling innovation — is a question the next 10 years will answer. Raj warns against policymakers "fighting the last war" and believes that, despite the threat of bureaucratic in...

Eric J. Ellman, Senior Vice President for Public Policy and Legal Affairs at the Consumer Data Industry Association (CDIA), joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt for a conversation about the ever-evolving landscape of consumer data collection and usage. Eric sheds light on the laws and regulations that govern this space – including potential implications of expanding the Fair Cred...

Matt Van Buskirk, co-founder of Hummingbird Regtech, joins RegFi hosts Jerry Buckley and Sherry Safchuk for a conversation about the importance of equipping regulators and in-house compliance teams with the tools and expertise to keep pace with technological change. Matt discusses the potential for open-source, interoperable platforms to blur the line between regtech and suptech and how this – alo...

In this episode of RegFi, Jerry Buckley and Caroline Stapleton are joined by Konrad Alt, co-founder of Klaros Group. Konrad's diverse career has allowed him to engage with financial services regulation from numerous angles, including time spent in government with the Senate Banking Committee and OCC, leadership positions in banking institutions, and serving as a regulatory consultant and trusted a...