Fintech

Top consumer finance regulator Rohit Chopra actually sounds fintech friendly here
I want to see a world where people can refinance their auto loans or mortgages and move their credit card debt more easily, that will decrease stickiness, that will increase prepayment risk. But that’s a world that I think ultimately is still better.
Rohit Chopra, head of top consumer finance regulator CFPB, on how properly-regulated fintech can enable more financial firms to compete with big banks

Digital bank app CEO Chris Britt on niche Chime serves, how they make money, why Americans don’t trust banks
Big banks do a pretty good job with high income, high FICO score folks who have big deposits and are credit worthy, but for most Americans, the 65% that live paycheck to paycheck, the only way that big banks can make the math work on serving them is by being very punitive on fees.
Chime CEO Chris Britt on why fintech banking apps like his can serve middle to low income Americans better than big banks