Glen speaks with the CU De Novo Collective’s Denise Wymore about the grassroots groundswell of interest in starting new credit unions, overcoming the challenges of progressing from concept to market, and why a voice for CU creation is needed to counter a one-way trend. Also- Fiserv’s stablecoin play, The FTA’s attempt to preserve open banking, and how AI regulation became a budget issue.

Links related to this episode:

The CU De Novo Collective: https://www.cudenovocollective.org/
The University of North Carolina’s student-led credit union initiative: https://www.dailytarheel.com/article/2025/06/university-student-credit-union
George Washington University’s initiative: https://gwucui.com/
America’s Credit Union Museum: https://www.acumuseum.org/ (check the Herstory exhibit)
Finovate’s take on Fiserv launching a “bank-friendly stablecoin”: https://finovate.com/fiserv-launches-stablecoin-for-banks/
The Bank Policy Institute/Fintech Association Open Banking standoff: https://thecudaily.com/fintechs-tell-court-banks-want-to-thwart-open-banking-to-stop-competition/

Join us for our next CU Town Hall- Wednesday July 9 at 3pm ET/Noon PT- for a live and lively interactive conversation tackling the major issues facing credit unions today. For this session we’ll be focusing on youth banking and how CUs can appeal to the next generation of members. The CU Town Hall is free to attend, but advance registration is required: https://www.cutownhall.com/

Join us on Bluesky! @bigfintech.bsky.social; @154advisors.bsky.social (Glen); @jbfintech.bsky.social (John)

And connect on LinkedIn for insights like the Friday Fintech Five:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/

Glen chats with the Atlanta Fed’s Claire Greene about the latest Diary and Survey of Consumer Payment Choice and the messy realities of dealing with real world data. Also- next steps in the stablecoin saga and…Fintech’s answer to GameStop?

Links related to this episode:

• The Atlanta Fed’s Survey and Diary of Consumer Payment Choice: https://www.atlantafed.org/banking-and-payments/consumer-payments/survey-and-diary-of-consumer-payment-choice/2024-survey-and-diary
• The Fed’s 2024 SHED Survey: www.federalreserve.gov/publications/files/2024-report-economic-well-being-us-households-202505.pdf
• The FDIC’s 2023 Survey of Un/Underbanked Households: https://www.fdic.gov/household-survey/2023-fdic-national-survey-unbanked-and-underbanked-households-report
• Our recent episode on consumer data gathered by the Georgia Fintech Academy: https://www.big-fintech.com/are-younger-generations-branching-out/
• Glen’s Genius Act/Stablecoin blog: https://www.big-fintech.com/a-stroke-of-genius-regulation-comes-full-circle/
• Arnold Porter’s take on the Genius and Stable Acts: https://www.arnoldporter.com/en/perspectives/advisories/2025/06/incoming-stablecoin-legislation-stable-and-genius-acts
• JPMorgan Chase’s close stablecoin cousin, the tokenized deposit: https://www.bankingdive.com/news/jpmorgan-chase-to-launch-deposit-token/751083/
• The Atlanta Fed’s newblog analyzing potential impacts of retiring the penny: www.atlantafed.org/blogs/macroblog/2025/06/23/penny-dilemma
  
  

Join us for our next CU Town Hall- Wednesday July 9 at 3pm ET/Noon PT- for a live and lively interactive conversation tackling the major issues facing credit unions today. For this session we’ll be focusing on youth banking and the need to appeal to the next generation. The CU Town Hall is free to attend, but advance registration is required: https://www.cutownhall.com/

Join us on Bluesky! @bigfintech.bsky.social; @154advisors.bsky.social (Glen); @jbfintech.bsky.social (John)

And connect on LinkedIn for insights like the Friday Fintech Five:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/

John and Glen ruminate on a pair of major events reshuffling the fintech world- The Circle IPO’s impact on venture funding, and the Big Beautiful Bill’s unorthodox approach to throttling AI regulation. Also- John gets “spun out on quantum,” and admits a surprising change of heart regarding his outlook for AI.

Links related to this episode:

Glen’s blog on the Circle and Chime IPOs: https://www.big-fintech.com/what-the-chime-and-circle-ipos-mean-for-fintech-investment/
The Senate alters the House budget provision curtailing states’ ability to regulate AI: https://rollcall.com/2025/06/05/ai-regulation-moratorium-dropped-in-senate-budget-package/
Axios’ story about AI’s newfound ability to blackmail: https://www.axios.com/2025/05/23/anthropic-ai-deception-risk
CNBC’s take on the Genius Act: https://www.cnbc.com/2025/06/13/what-the-genius-act-could-mean-for-crypto-and-other-investors.html
TechCrunch’s recap of Chime’s circuitous path to a successful IPO: https://techcrunch.com/2025/06/12/chime-almost-died-in-2016-turned-down-by-100-vcs-today-it-ipod-at-14-5b/
Pitchbook’s take on the inevitability of Chime’s “down round” IPO: https://pitchbook.com/news/articles/chimes-ipo-signals-down-rounds-are-here-to-stay

Join us for our next CU Town Hall- Wednesday July 9 at 3pm ET/Noon PT- for a live and lively interactive conversation tackling the major issues facing credit unions today. Industry developments keep coming fast and furious- the CU Town Hall is the place to make sense of these items together. It’s free to attend, but advance registration is required: https://www.cutownhall.com/

Join us on Bluesky! @bigfintech.bsky.social; @154advisors.bsky.social (Glen); @jbfintech.bsky.social (John)

And connect on LinkedIn for insights like the Friday Fintech Five:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/