Retail Stablecoins Threaten Rural Economies and Local Lending
A Walmart stablecoin w/ rewards would kill rural economies. Add Amazon, Starbucks, & other national retailers & local deposits migrate into centralized reserves vs local lending. CLARITY rewards/yield has far reaching, little researched, & lasting impacts to local growth.
Stablecoin Yields Lure Big Funds, Drain Local Liquidity
This is what you get if Stablecoin yield passes - another BlackRock fund. Stablecoin is a great payments mechanism. As a savings tool, it's a local economy killer as these funds cannot be lent out and suck liquidity out of...
Questioning New ID Requirements for Crypto Purchases
I don’t there is an understanding of the operational impact of this change. Are you also going to have to produce your passport or birth certificate to buy crypto? Right now, banks rely on valid state & federally issued identification.
Open Digital Personal & Business Accounts—Skip AI Banking
You can open personal and business accounts digitally (and easily) at @citizensedmond. Don't rely on AI for your banking.
Executive Producer Celebrates New Album “The World Is So Fragile”
My favorite part of this visit was sharing that I was Executive Producer @mynameisJabee's The World is So Fragile and Cruel Im Glad I Got You album. https://t.co/Tn8usFpJjj
Stablecoins: Payment Tool, Not High‑Yield Savings Alternative
To be clear, we offer above market yields for savings (3.61 APY) and checking (2 APY) @bankonroger. I'm not concerned about competition & love embracing faster payments, I'm concerned about the impact to local economies. Stablecoins should be a payments...
Walmart Stablecoin Could Drain Rural Liquidity, Harm Local Lending
Let's debate with real numbers please. If @Walmart alone offered a yield-earning stablecoin, the impact to local lending/economies would be crippling. Billions would shift out of rural community liquidity into government debt instruments rather than local loans. These assumptions defy...
Roger Reshapes Banking for the Military Community
“ROGER exists to re-establish what banking should look like for the military community: stable, modern, transparent, and designed around service members’ realities" - https://t.co/YrpJ4hBrFZ featured today in https://t.co/xUPIH1zqKM! https://t.co/koyDa67vBl
Too Big to Fail Expands, Overwhelming Community Banks
Too big to fail continues to grow. For community banks, it’s everything, everywhere, all at once.
Deposit Insurance Expansion Misses Small Business Reality
Expanded deposit insurance for noninterest bearing accounts helps small businesses? What small business keeps over $250k in a zero yield account? If this is how banks think they are going to preserve deposits, the logic needs to be reexamined.
Banks Reclassify Private Credit Loans to Slash Capital Requirements
Big banks hack their risk weighted assets by treating loans to private credit funds as securities, reducing the weighting from 100% to as low as 20%. Proposed capital rules look to further decrease this to 15%, encouraging more of this...
Questioning FDIC Expansion; Call for Data-Indexed System
With the floodgates open for industrial bank charters & private equity & crypto owned banks, I’m extremely suspect on why there’s such a drive to dramatically increase FDIC insurance in zero interest yield deposits. A data driven, indexed system is...
Banks Are Deeply Embedded in Private Credit Markets
“They’re all our clients, but I’m shocked that people are shocked,” JPMorgan’s commercial and investment bank. Until 5 years ago, I legitimately thought that private credit was funded by investors not bank debt - all a big RWA/capital game by...
3.61% APY Savings Adjust with Fed, No Fees
That’s just not true for us. @bankonroger savings is currently 3.61 APY & we adjust with Fed Funds movement. No gimmicks or fees. We do have a cap where interest over 250k is more limited (opposite from most) to contain...
Keeping Our Digital Bank Inside FDIC Insured Institution Pays Off
Not all fintechs are created equal. So grateful that we started our digital bank, @bankonroger, within our FDIC insured bank @citizensedmond rather than give into the temptation to spin it out.