CFPB Director Kathy Kraninger
On an argument that the Consumer Financial Protection Bureau should offer more transparent guidance on penalties firms face in response to enforcement actions:

"First problem with telegraphing fines is financial institutions will risk assess that in their decision making process. Wells Fargo for example might find it worth the risk, and do it anyway based on the penalty if caught. Remaining unpredictable makes it never worth the risk, because the freedom to increase enormously is always on the table. Down side is a rogue regime can weaponize this agency, and those with socialist intentions can change the market or kill a market based on emotions."

Related: CFPB has too much flexibility in assessing fines
Federal Reserve
On The Clearing House, which has created its own real-time payments network, arguing why the Fed should not build its own:

"Every single one of the arguments by the head of the Clearing House made in this article is bogus. There isn’t enough room in the comment box to address each bogus argument, but I’ll note 2: 1) To call The Clearing House RTP system the world’s most advanced electronic payment system is a joke. It is just a sped up version of the existing ACH system, using software purchased from the British RTP system. The Indian and Chinese systems are more modern. 2) A FRB built system could be more secure."

Related: Fed entry into real-time payments would do more harm than good
Fed Gov. Jerome Powell
On a look at community banker concerns about pricing for real-time payments depending on whether the system is run by TCH alone or with the Fed:

"There are additional operational and competitive concerns associated with having only one provider for any payments ecosystem. On the operational front, some large merchants employ "diversified redundancy" when processing payments. Essentially this means they use two completely unrelated but redundant systems to process. Every important payment ecosystem should follow this model as recent European outages attest to. Competition is not served when should be competitors join together."

Related: Community bankers alarmed after big banks backtrack on faster-payments pricing
NCUA Chairman Mark McWatters
On the latest in a legal fight over an expanded National Credit Union Administration field-of-membership rule:

"I thought credit union membership was predicated on whether the prospective member is able to fog up a mirror."

Related: Is credit union regulator's field-of-membership appeal already in trouble?
On an argument that banks need to step up their services to low-income consumers rather than focusing on financial education:

"Climate change deniers, anti-vaxxers, and now shade thrown at FinEd? Conclusive evidence financial literacy doesn't work?!? Hardly. Several studies have documented a strong relationship between financial literacy and determinants of success. When only one in four US teens understand the concept of compound interest (OECD PISA study), it's clear we need to promote financial knowledge --not just better products. Teaching history may not stop wars, but let's not call for an end to the subject."

Related: The problem with Financial Literacy Month
On an argument that open banking presents an opportunity for banks to help corporations deal with the tidal wave of consumer data coming available:

"Yup, an opportunity for more data compromises and more annoying emails and ads directed at consumers."

Related: Open banking is an opportunity
On an argument that new White House oversight of Federal Reserve and other agency guidance could actually slow down deregulatory efforts:

"Would I rather a process in place that stops the issuance of burdensome guidance but may hinder the speed of regulatory reform, or would I like to have no process in place to stop the issuance of burdensome guidance so regulatory reform can be issued much quicker? Easy choice."

Related: Will White House memo be a roadblock for reg relief?