Podcasts about financial institutions policy

NOTE| This episode is longer than usual--> ‘Top of The Game (in) Overtime' are released occasionally. RANDY'S BIO Randy knows more about finance, banking, private equity, fintech, and economic policy than just about everyone in the world. This talk is a master class that touches on all of these subjects, especially the changing role of banks in the world economy and its intersection with technology..  He is a private equity investor and past practicing attorney who served as the first ever Vice Chair of the Federal Reserve for supervision from 2017 to 2021 under Presidents Trump and Biden. Randy also concurrently served as the chair of the Financial Stability Board from 2018 to 2021.  He has held several consequential financial policy posts over his career, including during the George W. Bush administration when he ultimately served as Under Secretary of the Treasury for Domestic Finance. After leaving the Bush administration, he became the founder and head of The Cynosure Group, a private investment firm, preceded by being a managing director of The Carlyle Group, one of the world's largest private equity firms.  Since the early 2010's he has been widely mentioned as a possible Treasury Secretary or senior White House adviser in Republican administrations. His extensive financial policy experience started in the early 1990's serving as Deputy Assistant Secretary for Financial Institutions Policy during the George H.W. Bush administration under the thenSecretary of Treasury, Nicholas Brady. Early in his career and after receiving his law degree from Yale, Quarles worked Wall Street law firm of Davis Polk & Wardwell where he specialized in financial institutions law, eventually becoming co-head of the firm's Financial Institutions Group and advising on transactions that included a number of the largest financial sector mergers ever completed. “Dodd-Frank's intent was not to avoid bank failures, it was designed so that any bank could fail and not become systemic... we tested this earlier this year.”  EPISODE OUTLINE (0:00) - Intro (0:38) - Background (01:36) - The early years (02:47) - Lessons that stick; young lawyer sticking to his guns, difficult, scary (06:42) - Financial policy at the highest level; conviction, seeking input, synthesizing  (09:11) - Top bank supervisor in America; tradeoffs--> tech, safety, the real economy (13:30) - Bank failures in 2023; safeguards, speed, liquidity--> $140 billion

Our guest for today's podcast is Sarah Hammer, Managing Director of the Center for Innovation in Finance and Senior Fellow of the Alternative Investments Program at the Wharton School of the University of Pennsylvania and who most recently served as Acting Secretary of the Dept of Banking for Commonwealth of PA and has now returned to her love for private capital investing and financial technology.  She is also Adjunct Professor of Law at the University of Pennsylvania Law School, teaching a course on financial regulation and alternative investments.  No stranger to public service, she also previously worked at the US Dept of Treasury as Acting Deputy Assistant Secretary for Financial Institutions and Director of the Office of Financial Institutions Policy. She is a lifetime learner who instills the same passion in her students and with the Cypher Accelerator Program at Wharton supporting new startups in the fin tech space including blockchain and crypto.   Sarah has held various leadership positions throughout financial services in portfolio management, trading, marketing, research, and analytics at various firms like Vanguard, PIMCO, JP Morgan, BlackRock, and Tudor Investments. But it's her love of learning and connecting folks that has led Sarah from finance to law to academia to public policy and back to financial technology and always with the [mindset] of being a public servant and serving the greater good. Without further delay, here is my conversation with Sarah Hammer.

This week on Breaking Battlegrounds, we are honored to be joined by three distinguished guests. First, we sit down with Senator Ted Cruz to discuss the recent political attacks on the Supreme Court and what conservatives can do about woke corporations. Later in the show, General Sami Sadat of Afghanistan calls in for a no holds barred conversation of the United States' withdrawal from his country. Finally, friend of the show Chris Campbell returns with an update on the negotiations over raising the debt ceiling. -Ted Cruz grew up in Texas. His father, Rafael, fled Cuba after being tortured and imprisoned and came to Texas with just $100 sewn into his underwear. Rafael got a job washing dishes making 50 cents an hour and learned English. He worked hard and attended the University of Texas at Austin, earning a degree in mathematics. He later started a small business in the oil and gas industry. Today, Rafael is a pastor in Dallas.Ted's mother, Eleanor, was born in Delaware to an Irish and Italian working-class family. She became the first in her family to go to college, graduating from Rice University with a degree in mathematics. She broke boundaries at Shell as one of the few women working as a computer programmer at the dawn of the computer age.Ted earned his undergraduate degree from Princeton and his law degree from Harvard Law School. After law school, Ted clerked for Chief Justice Rehnquist and then worked in private practice. In 1999, Ted joined George W. Bush's campaign for president as a domestic policy advisor. The best thing about Ted's experience on the Bush-Cheney campaign, by far, was meeting Heidi Nelson, who also worked on the policy team. Heidi and Ted married after the campaign.After working at the Department of Justice and the Federal Trade Commission during the Bush administration, Ted moved back home to be the Solicitor General of Texas. As Solicitor General, Ted argued eight cases before the Supreme Court of the United States, and defended our freedom of speech, our right to keep and bear arms, and our religious liberty in courts across the nation. Following his service as Solicitor General, Ted returned to private practice, where he continued to litigate high stakes cases and argued his ninth case before the Supreme Court.Ted and Heidi also started their family, welcoming Caroline and Catherine.-General Sami Sadat was born 1986 in Afghanistan. After graduation from school in Kabul, he studied military information operations in NATO school in Germany, he also holds a BBA, he then studied advance command and staff college in UK defense Academy and was graduated with highest distinction and also has finished his MA in Strategic Management and Leadership from UK Charter Management institute.His work experience is mostly visible in security sector, he worked as Deputy Director for Strategic Communications and as Policy Advisor to the Minister of Interior in Afghanistan. Mr. Sadat is a founding member of Afghanistan Analysis and Awareness (A3) a Kabul based Think-tank. A3 is a strong lobby group focusing on Afghan-US and other Afghanistan friend countries to foster better strategic relations.-Prior to Kroll, Chris was unanimously confirmed by the U.S. Senate to serve as the Assistant Secretary of the Treasury for Financial Institutions from 2017 to 2018. In that role, he was responsible for coordinating the Department's efforts regarding financial institutions legislation and regulation, legislation affecting federal agencies that regulate or insure financial institutions and securities markets legislation and regulation. Specific policy and program areas of oversight included government-sponsored enterprises, critical infrastructure protection (cyber security) and compliance policy, the Federal Insurance Office (FIO), small business, community development and affordable housing policy.Chris was the Treasury board representative on the boards of the Pension Benefit Guarantee Corporation (PBGC) and the Financial Industry's Critical Infrastructure Group. He regularly met with the heads of the 15 federal financial regulators. Additionally, he oversaw the Deputy Assistant Secretaries for Financial Institutions Policy and Small Business, Community Development and Affordable Housing, and Cyber Security, in addition to a staff of 200.Prior to his role at the Treasury department, Chris was the majority staff director to the U.S. Senate Committee on Finance. He designed, managed and coordinated the U.S. Senate Republican agenda in the areas of international and domestic taxation, international trade, Medicare, Medicaid, Social Security, the U.S. National Debt, and oversight of three presidential cabinet secretaries. He was named by Roll Call Newspaper as one of the 50 most influential staffers on Capitol Hill, seven years running. Previously, he served as legislative director to Senator Orrin G. Hatch, where he coordinated and managed the senator's legislative activities.Immediately prior to rejoining Senator Hatch's staff, Chris owned a business consulting firm that specialized in business strategy for clients from all-sized companies across the country, and from a variety of industries.Chris is a director of Intrado, Coinstar, WeConnect Health Management, tZERO, and a board advisor at Cross River Bank. Additionally, he is a Professor of Practice at his alma matter, Thunderbird School of Global Management. He also serves as a strategic advisor and consultant to several large national and international organizations. He is a member of the Council on Foreign Relations.He holds an MBA from Thunderbird School of Global Business Management and a bachelor's degree in political science from the University of California, Santa Barbara.-Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit breakingbattlegrounds.substack.com

This week on Breaking Battlegrounds, we are honored to be joined by three distinguished guests: Congresswoman Carol Miller of West Virginia, Congressman Josh Brecheen of Oklahoma, and former Assistant Secretary of the Treasury for Financial Institutions Chris Campbell.-Congresswoman Carol Miller represents West Virginia's First Congressional District. Miller serves on the Committee on Ways and Means.Miller's focus in Congress is creating jobs, diversifying the economy, innovating and improving infrastructure, protecting America's borders, and supporting West Virginia's energy industries like coal, oil, and gas.Prior to her election to Congress in 2018, Congresswoman Miller served in the West Virginia House of Delegates from 2006 to 2018 where she rose to become the first female Majority Whip.A mother of two and grandmother of seven, Carol Miller is married to her husband Matt, and lives in Huntington, where she owns and operates Swann Ridge Bison Farm and manages real estate. Miller was born in Columbus, Ohio and is the daughter of Congressman Samuel L. Devine and Betty Devine.-Josh Brecheen (pronounced Bra-keen) is a committed Christian, husband, father, and is a fourth generation rancher in Coal County, Oklahoma. Prior to his time in Congress, he owned and operated a small excavation and trucking business, Rawhide Dirtworks L.L.C. He served as an Oklahoma State Senator from 2010 to 2018, obtaining an overall voting record as the third most conservative senator among those with whom he served. He was the original author of measures that included capping state debt, banning dismemberment abortions, and a true repeal and replace of the common core educational standards—the nation's first. From 2004 to 2010, Brecheen worked for U.S. Senator Tom Coburn, M.D. as a field representative, working directly with Oklahoma constituents and evaluating federal programs for waste and inefficiencies.  Brecheen is a graduate of Oklahoma State University, where he earned a dual degree in agriculture. He served the Oklahoma FFA Association as State President in 1999 and later worked seasonally for the National FFA Organization as an ALD conference presenter. Until 2010, he brought inspirational messages into approximately 500 public schools, universities, and conferences through his motivational speaking business, Brecheen Keynotes and Seminars and also as a free service when employed by Tom Coburn.  Brecheen grew up in the professional cutting horse industry and in his youth was a two-time national qualifier for the National Cutting Horse Association Eastern Championship show. After college, Brecheen started training cutting horse futurity prospects as a “non pro” and has been raising quality cow horses for over 20 years.   As a member of Congress, he is focused on reining in our unsustainable debt and deficit spending, which he is convinced is undermining our national security.-The Honorable Christopher E Campbell is the Chief Strategist at Kroll, based in the New York office. As a Fellow of the Kroll Institute, he is a frequent guest commentator on national news programs on matters involving the economy.Prior to Kroll, Chris was unanimously confirmed by the U.S. Senate to serve as the Assistant Secretary of the Treasury for Financial Institutions from 2017 to 2018. In that role, he was responsible for coordinating the Department's efforts regarding financial institutions legislation and regulation, legislation affecting federal agencies that regulate or insure financial institutions and securities markets legislation and regulation. Specific policy and program areas of oversight included government-sponsored enterprises, critical infrastructure protection (cyber security) and compliance policy, the Federal Insurance Office (FIO), small business, community development and affordable housing policy.Chris was the Treasury board representative on the boards of the Pension Benefit Guarantee Corporation (PBGC) and the Financial Industry's Critical Infrastructure Group. He regularly met with the heads of the 15 federal financial regulators. Additionally, he oversaw the Deputy Assistant Secretaries for Financial Institutions Policy and Small Business, Community Development and Affordable Housing, and Cyber Security, in addition to a staff of 200.Prior to his role at the Treasury department, Chris was the majority staff director to the U.S. Senate Committee on Finance. He designed, managed and coordinated the U.S. Senate Republican agenda in the areas of international and domestic taxation, international trade, Medicare, Medicaid, Social Security, the U.S. National Debt, and oversight of three presidential cabinet secretaries. He was named by Roll Call Newspaper as one of the 50 most influential staffers on Capitol Hill, seven years running. Previously, he served as legislative director to Senator Orrin G. Hatch, where he coordinated and managed the senator's legislative activities.Immediately prior to rejoining Senator Hatch's staff, Chris owned a business consulting firm that specialized in business strategy for clients from all-sized companies across the country, and from a variety of industries.Chris is a director of Intrado, Coinstar, WeConnect Health Management, tZERO, and a board advisor at Cross River Bank. Additionally, he is a Professor of Practice at his alma matter, Thunderbird School of Global Management. He also serves as a strategic advisor and consultant to several large national and international organizations. He is a member of the Council on Foreign Relations.He holds an MBA from Thunderbird School of Global Business Management and a bachelor's degree in political science from the University of California, Santa Barbara.-Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit breakingbattlegrounds.substack.com

This week on Breaking Battlegrounds, Chuck and Sam are joined by Chris Campbell, former Assistant Secretary of the Treasury for Financial Institutions and David Keene, Editor at Large at the Washington Times. The Honorable Christopher E Campbell is the Chief Strategist at Kroll, based in the New York office. As a Fellow of the Kroll Institute, he is a frequent guest commentator on national news programs on matters involving the economy.Prior to Kroll, Chris was unanimously confirmed by the U.S. Senate to serve as the Assistant Secretary of the Treasury for Financial Institutions from 2017 to 2018. In that role, he was responsible for coordinating the Department's efforts regarding financial institutions legislation and regulation, legislation affecting federal agencies that regulate or insure financial institutions and securities markets legislation and regulation. Specific policy and program areas of oversight included government-sponsored enterprises, critical infrastructure protection (cyber security) and compliance policy, the Federal Insurance Office (FIO), small business, community development and affordable housing policy.Chris was the Treasury board representative on the boards of the Pension Benefit Guarantee Corporation (PBGC) and the Financial Industry's Critical Infrastructure Group. He regularly met with the heads of the 15 federal financial regulators. Additionally, he oversaw the Deputy Assistant Secretaries for Financial Institutions Policy and Small Business, Community Development and Affordable Housing, and Cyber Security, in addition to a staff of 200.Prior to his role at the Treasury department, Chris was the majority staff director to the U.S. Senate Committee on Finance. He designed, managed and coordinated the U.S. Senate Republican agenda in the areas of international and domestic taxation, international trade, Medicare, Medicaid, Social Security, the U.S. National Debt, and oversight of three presidential cabinet secretaries. He was named by Roll Call Newspaper as one of the 50 most influential staffers on Capitol Hill, seven years running. Previously, he served as legislative director to Senator Orrin G. Hatch, where he coordinated and managed the senator's legislative activities.Immediately prior to rejoining Senator Hatch's staff, Chris owned a business consulting firm that specialized in business strategy for clients from all-sized companies across the country, and from a variety of industries.Chris is a director of Intrado, Coinstar, WeConnect Health Management, tZERO, and a board advisor at Cross River Bank. Additionally, he is a Professor of Practice at his alma matter, Thunderbird School of Global Management. He also serves as a strategic advisor and consultant to several large national and international organizations. He is a member of the Council on Foreign Relations.He holds an MBA from Thunderbird School of Global Business Management and a bachelor's degree in political science from the University of California, Santa Barbara.David A. Keene is Editor at Large at The Washington Times, the nation's largest conservative newspaper. His book Shall Not Be Infringed: The New Assaults on Your Second Amendment will be followed by a book on the modern conservative movement in America in 2018.While serving as President of the National Rifle Association (NRA), Keene, along with NRA's Executive Vice President Wayne LaPierre, led the “All-In” Campaign to elect Second Amendment supporters to federal and state office in 2012 and worked tirelessly to keep the U.S. from adopting further gun control legislation in 2013. NRA membership grew from four to five plus million members during his two traditional one-year terms. Keene remains on the NRA board and chairs the Publications Policy Committee, the International Affairs Subcommittee, and the National School Shield program.From 1982 to 2011, Keene served as the elected Chairman of the American Conservative Union (ACU), the nation's oldest and largest grassroots conservative advocacy group. ACU is the major organizer of the annual Conservative Political Action Conference or CPAC, which Keene grew from 200 to 11,000 conservative activists. CPAC meets in Washington, DC, each winter to hear conservative leaders and to network with fellow conservatives from around the country and the world. Keene remains on the boards of The Center for the National Interest, The Constitution Project, The Montana Policy Institute, and has served as National Chairman of Young Americans for Freedom, among others. He has been a John F. Kennedy Fellow at Harvard University's Institute of Policy, a First Amendment Fellow at Vanderbilt University's Freedom Forum, and a member of the Board of Visitors at Duke University's Public Policy School.After earning his law degree from the University of Wisconsin in 1970, Keene served as a Special Assistant to Vice President Spiro Agnew during the Nixon Administration, Executive Assistant to New York Senator Jim Buckley, and as an advisor to the presidential campaigns of Ronald Reagan, George H.W. Bush, Bob Dole and Mitt Romney and many state and local campaigns. For more than ten years, Keene wrote a regular column for The Hill, which focuses on Capitol Hill. He has written extensively on politics, civil liberties and criminal justice issues for the Boston Globe, National Review, Human Events, and the American Spectator and others, and has contributed to numerous books and hundreds of radio and television programs, including as a consultant to CBS News His Lifetime Achievement Awards include those from CPAC, Young Americas Foundation, the Second Amendment Foundation and the Council of Racial Equality.Keene is married to Donna Wiesner Keene and they enjoy the company of five children, seven grandchildren, and a great-grandchild. They work in Washington, DC, and protect their sanity with extended trips to Montana and West Virginia to hunt, fish and enjoy the outdoors.Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit breakingbattlegrounds.substack.com

Welcome to More Equity. Today, we're bringing you a new episode from our Harlem Capital Crypto Convo Series — talking to investors and innovators who have found great opportunity amidst the Web3, blockchain, and crypto evolution. In this episode, we're joined by Sarah Hammer, Managing Director of the Stevens Center for Innovation in Finance and Senior Director of the Harris Alternative Investments Program at the Wharton School. She previously served as acting Deputy Assistant Secretary for Financial Institutions and Director of the Office of Financial Institutions Policy at the United States Department of the Treasury. Listen in to hear Sarah and I discuss blockchain, financial regulation, and the launch of Wharton's new blockchain accelerator

Anirudh Singh sits down with Sarah Hammer and Sameer Gupta to discuss launching the Cypher Accelerator. Topics include: - Sameer's work at Point72 - Why Sarah is well-positioned to lead Cypher - Cypher's incredible board of advisors - What excites the two most about Crypto / Blockchain And much more! Sarah Hammer:  Sarah Hammer is Managing Director of the Stevens Center for Innovation in Finance and Senior Director of the Harris Alternative Investments Program at the Wharton School of the University of Pennsylvania. In these roles, she focuses her efforts on private capital investments and financial technology. Sarah is also Adjunct Professor of Law at the University of Pennsylvania Law School, teaching an upper-level juris doctor course on financial regulation. Previously, Sarah was Acting Deputy Assistant Secretary for Financial Institutions and Director of the Office of Financial Institutions Policy at the United States Department of the Treasury. In this role, she led and directed the Department's policy responsibilities involving financial institutions, as well as oversaw the Federal Insurance Office and the Office of Critical Infrastructure Protection and Compliance Policy (cybersecurity). Sarah earned a J.D. from the University of Pennsylvania Law School, an M.B.A. from the Wharton School of the University of Pennsylvania, and a Master of Studies from Oxford University. She is a Harry S. Truman Scholar and a Member of the American Law Institute. Sameer Gupta:  Sameer Gupta is the Head of Data Solutions at Point72 and for the New York Mets. He is responsible for creating end-to-end solutions in data and analytics for all Point72 businesses as well as the Mets. Before joining Point72, Gupta was the chief operating officer at iSentium, an artificial intelligence startup where he led key business functions including sales, business development, fundraising, engineering, and operations. Before iSentium, he was the COO for the Global Electronic Trading and Americas Cash Equities business at JPMorgan. Gupta also served in business development and product management roles at New York Stock Exchange Technologies, and in software development and technology strategy positions at Goldman Sachs. He is also actively involved in the New York City startup community through TechStars and New York University's Endless Frontier Labs. Sameer earned his MBA from Harvard Business School, M.S. in Information Systems Management from Carnegie Mellon, and B.S. in Computer Science from the National Institute of Technology in India.

Tune as IIB's CEO Briget Polichene interviews Jared Sawyer, Principal at Rich Feuer Anderson and former Deputy Assistant Secretary for Financial Institutions Policy at the U.S. Treasury Department, as they discuss the development, passage, and implementation of the CARES Act, banks' role in the coronavirus recovery, and where election year politics fit into it all.

On November 15, 2019, the Federalist Society's Financial Services & E-Commerce Practice Group hosted a panel for the 2019 National Lawyers Convention at the Mayflower Hotel in Washington, DC. The panel covered "Money and the Constitution".Money. We all use it, for exchange, for store of value, for identifying prices, and many other purposes and exercises. In the United States, and under our Constitution, what is money, how is it created, what is its value, who gets to decide, and to whom are such decision makers accountable? Is it an instrument of freedom, or a tool of government policy to affect that freedom? These questions, which touch all of us, will be the topic of discussion of our panelists.*******As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speakers.Featuring:Dr. Don Kohn, Robert V. Roosa Chair in International Economics, Senior Fellow, Economic Studies, The Brookings Institute Mr. Alex J. Pollock, Distinguished Senior Fellow, Finance, Insurance & Trade, R StreetDr. Paul Sheard, Senior Fellow, Mossavar-Rahmani Center for Business and Government, Harvard Kennedy SchoolProf. Richard E. Sylla, Professor Emeritus of Economics, New York University Stern School of BusinessModerator: Hon. Paul B. Matey, United States Court of Appeals, Third CircuitIntroduction: Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Af, American Bankers Association

On November 15, 2019, the Federalist Society's Financial Services & E-Commerce Practice Group hosted a panel for the 2019 National Lawyers Convention at the Mayflower Hotel in Washington, DC. The panel covered "Money and the Constitution".Money. We all use it, for exchange, for store of value, for identifying prices, and many other purposes and exercises. In the United States, and under our Constitution, what is money, how is it created, what is its value, who gets to decide, and to whom are such decision makers accountable? Is it an instrument of freedom, or a tool of government policy to affect that freedom? These questions, which touch all of us, will be the topic of discussion of our panelists.*******As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speakers.Featuring:Dr. Don Kohn, Robert V. Roosa Chair in International Economics, Senior Fellow, Economic Studies, The Brookings Institute Mr. Alex J. Pollock, Distinguished Senior Fellow, Finance, Insurance & Trade, R StreetDr. Paul Sheard, Senior Fellow, Mossavar-Rahmani Center for Business and Government, Harvard Kennedy SchoolProf. Richard E. Sylla, Professor Emeritus of Economics, New York University Stern School of BusinessModerator: Hon. Paul B. Matey, United States Court of Appeals, Third CircuitIntroduction: Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Af, American Bankers Association

Recently, members of the United States Senate and United States House of Representatives have introduced the "Loan Shark Prevention Act," which imposes a nationwide 15% interest rate ceiling on all consumer credit products, from credit cards to payday loans. They also propose to empower the United States Post Office to engage in the practice of consumer retail banking. This Teleforum examines the economics of interest-rate ceilings on consumer credit and the historical experience with such proposals as well as discussing the proposal to create a Post Office bank.Featuring:- Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association- Todd Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law SchoolVisit our website – RegProject.org – to learn more, view all of our content, and connect with us on social media.

Recently, members of the United States Senate and United States House of Representatives have introduced the "Loan Shark Prevention Act," which imposes a nationwide 15% interest rate ceiling on all consumer credit products, from credit cards to payday loans. They also propose to empower the United States Post Office to engage in the practice of consumer retail banking. This Teleforum examines the economics of interest-rate ceilings on consumer credit and the historical experience with such proposals as well as discussing the proposal to create a Post Office bank.Featuring:- Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association- Todd Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law SchoolVisit our website – RegProject.org – to learn more, view all of our content, and connect with us on social media.

Recently, members of the United States Senate and United States House of Representatives have introduced the "Loan Shark Prevention Act," which imposes a nationwide 15% interest rate ceiling on all consumer credit products, from credit cards to payday loans. They also propose to empower the United States Post Office to engage in the practice of consumer retail banking. This Teleforum examines the economics of interest-rate ceilings on consumer credit and the historical experience with such proposals as well as discussing the proposal to create a Post Office bank. Featuring: Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers AssociationTodd Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law School

Recently, members of the United States Senate and United States House of Representatives have introduced the "Loan Shark Prevention Act," which imposes a nationwide 15% interest rate ceiling on all consumer credit products, from credit cards to payday loans. They also propose to empower the United States Post Office to engage in the practice of consumer retail banking. This Teleforum examines the economics of interest-rate ceilings on consumer credit and the historical experience with such proposals as well as discussing the proposal to create a Post Office bank. Featuring: Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers AssociationTodd Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law School

Finance and Philosophy provides a concise and witty account of how bankers and financial regulators think, of the alleged causes of the cycles of booms and busts, of the implicit and often un-thought-out assumptions shaping retirement finance, fiat money, corporate governance. Pollock deftly shows how poorly bankers have measured the risk their banks have been exposed to. With candor and clarity, he uncovers the persistent and unavoidable uncertainty inherent in the business of banking. We learn that a banker’s confidence in his ability to measure banking risk accurately is the lure which has repeatedly led to bank failures. Pollock has a modest and compelling suggestion: Acknowledge the unavoidability of ignorance with respect to financial risk, and, in the light of this ignorance of the future, act moderately.Featuring: Alex Polluck, Senior Fellow, R Street Institute Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Af, American Bankers Association Teleforum calls are open to all dues paying members of the Federalist Society. To become a member, sign up here. As a member, you should receive email announcements of upcoming Teleforum calls which contain the conference call phone number. If you are not receiving those email announcements, please contact us at 202-822-8138.

Finance and Philosophy provides a concise and witty account of how bankers and financial regulators think, of the alleged causes of the cycles of booms and busts, of the implicit and often un-thought-out assumptions shaping retirement finance, fiat money, corporate governance. Pollock deftly shows how poorly bankers have measured the risk their banks have been exposed to. With candor and clarity, he uncovers the persistent and unavoidable uncertainty inherent in the business of banking. We learn that a banker’s confidence in his ability to measure banking risk accurately is the lure which has repeatedly led to bank failures. Pollock has a modest and compelling suggestion: Acknowledge the unavoidability of ignorance with respect to financial risk, and, in the light of this ignorance of the future, act moderately.Featuring: Alex Polluck, Senior Fellow, R Street Institute Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Af, American Bankers Association Teleforum calls are open to all dues paying members of the Federalist Society. To become a member, sign up here. As a member, you should receive email announcements of upcoming Teleforum calls which contain the conference call phone number. If you are not receiving those email announcements, please contact us at 202-822-8138.

On Friday, October 6, Treasury issued the second of its reports to the President on Core Principles for Financial Supervision. When it comes to financial regulation, the Treasury Department has little formal authority. Yet, when Treasury wants to, it can set the tone and drive the priorities. Did the Treasury do that with its most recent report and its June report? What difference might this all make with regard to financial reform? And what might we expect from the Federal Reserve, the FDIC, the OCC, and other financial regulators in response to these reports? Featuring:- J.W. Verret, Assistant Professor of Law, Antonin Scalia Law School- Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers AssociationVisit our website – https://RegProject.org – to learn more, view all of our content, and connect with us on social media.

On Friday, October 6, Treasury issued the second of its reports to the President on Core Principles for Financial Supervision. When it comes to financial regulation, the Treasury Department has little formal authority. Yet, when Treasury wants to, it can set the tone and drive the priorities. Did the Treasury do that with its most recent report and its June report? What difference might this all make with regard to financial reform? And what might we expect from the Federal Reserve, the FDIC, the OCC, and other financial regulators in response to these reports? Featuring:- J.W. Verret, Assistant Professor of Law, Antonin Scalia Law School- Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers AssociationVisit our website – https://RegProject.org – to learn more, view all of our content, and connect with us on social media.

Technology is having a significant impact on how financial services are being delivered. The rise of non-bank financial firms using the internet as a means of distribution is calling into question the divide between state and federal regulation and the definition of what a “bank” is. The Office of the Comptroller of the Currency has responded by offering a new banking charter for non-depository fintech firms, while the states have filed law suits to prevent what they see as an illegal overreach by the OCC into their jurisdiction. How fintech firms are regulated, and by whom, could have a significant impact on how innovative, accessible, and inclusive financial services are in the future. -- Featuring: Brian Knight, Senior Research Fellow, Financial Markets Working Group, Mercatus Center, George Mason University and John W. Ryan, President and Chief Executive Officer, Conference of State Bank Supervisors. Moderator: Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association.

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee provided an update on recent important activity at the Consumer Financial Protection Bureau (CFPB). The call will cover many interesting topics including an update of PHH’s D.C. Circuit U.S. Court of Appeals case against the CFPB, a recent Executive Order which appears to apply to the CFPB, congressional activity regarding the CFPB, the CFPB’s recent fines and other actions, and the CFPB’s (and Federal Reserve Board’s) Office of Inspector General (OIG) audit report entitled “The CFPB Can Strengthen Contract Award Controls and Administrative Processes.” -- Featuring: Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association and Julius L. Loeser, Of Counsel, Winston & Strawn LLP.

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee will provide an update on recent important activity at the Consumer Financial Protection Bureau (CFPB). The discussion will cover a multitude of topics including Fair Lending Priorities in 2017, a new proposed CFPB arbitration rule, CFPB restitution fines imposed on Equifax Inc. and TransUnion Inc., the CFPB's recently released 2016 Annual Employee Survey, the CFPB's Diversity and Inclusion Strategic Plan for 2016-2020, the role of emotion in consumer protection law, and the potential impact of the new Administration on the Bureau. -- Featuring: Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association and Julius L. Loeser, Of Counsel, Winston & Strawn LLP.

The Consumer Financial Protection Bureau (CFPB), in its more than five year existence, has ordered consumer financial service providers to return more than a billion dollars in monetary relief to consumers it believes were victims of practices that it deems unfair, deceptive, abusive, or otherwise violative of its view of regulations and laws. The CFPB has ordered monetary relief for discriminatory lending and proposed regulations that would shutter many low-income lending locations and encourage class actions lawsuits. Proponents of the Bureau point to fines collected and bad practices addressed. Critics assert that Bureau activities actually harm consumers rather than help them. This panel will assess whether the CFPB has been of net benefit or net harm to the people it was created to protect. -- This panel was held on November 18, 2016, during the 2016 National Lawyers Convention in Washington, DC. -- Featuring: Mr. John A. Allison, Chairman, Executive Advisory Council, Center for Monetary and Financial Alternatives, Cato Institute; Mr. Leonard N. Chanin, Of Counsel, Morrison & Foerster LLP; Mr. Deepak Gupta, Founding Principal, Gupta Wessler PLLC; and Prof. Todd J. Zywicki, Foundation Professor of Law and Executive Director, Law & Economics Center, Antonin Scalia School of Law, George Mason University. Moderator: Hon. Edith Jones, U.S. Court of Appeals, Fifth Circuit. Introduction: Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association.