Fintech Recap: Return to BaaS Island As FDIC Proposes "Synapse Rule"

Hey all, Jason here.

Alex Johnson, creator of the Fintech Takes newsletter, and I are happy to bring you the latest episode of our monthly podcast, Fintech Recap, where we unpack some of the biggest stories in fintech, banking, and crypto.

This month we had the chance to talk about:

• A return to BaaS Island: the FDIC’s proposed “Synapse Rule,” Five Star Bank quits BaaS, and the evolving (ha) economics of partner banks

• The CFPB accepts comments on FDX as standard-setting organization for 1033 open banking

• Department of Justice sues Visa, alleging it has used anticompetitive business practices to maintain an illegal monopoly on the US debit processing market

• …and, as always, what Alex and Jason just can’t let go of

Are you attending Money2020? Alex and I will be joining Simon Taylor for an invite-only session on “How to Win At Embedded Finance,” sponsored by Sardine, Sonar, LoanPro, and Visa — more info here.

If you enjoy listening to this podcast and find value in it, please consider supporting me (and finhealth non-profits!) by signing up for a paid subscription. It wouldn’t be possible to do what I do without the support of listeners like you!