Jan 15, 2021

Pressuring banks on social change just got harder

The rule prohibits large banks from refusing to lend to certain business sectors, after Republicans voiced frustration at what they saw as a reluctance by banks to finance gun-makers and energy firms. Jim Watson/AFP via Getty Images

A key regulator finalized a rule to prevent big banks from turning down loans to businesses, like gun-makers or oil drillers, solely because of perceived reputational risk. And, with more institutional investors looking into Bitcoin, is more regulation on the way?

Segments From this episode

New Trump administration rule limits large banks' ability to turn away business

by Andy Uhler

Jan 15, 2021

Large banks can't deny services to businesses, like gun-makers and oil drillers, just based on what they do.

The rule prohibits large banks from refusing to lend to certain business sectors, after Republicans voiced frustration at what they saw as a reluctance by banks to finance gun-makers and energy firms.

Jim Watson/AFP via Getty Images

LISTEN

EMBED

With Bitcoin's popularity increasing, what new regulations will we see?

by David Brancaccio and Rose Conlon

Jan 15, 2021

Those looking to dip their toes into Bitcoin expect the same regulatory clarity and protections that come with traditional assets.

Financial advisers and professional money managers generally haven't been able to add Bitcoin to the portfolios they manage.

Ozan Kose/AFP via Getty Images

LISTEN

EMBED

Music from the episode

Electric Feel MGMT

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Meredith Garretson Morbey Senior Producer

Alex Schroeder Producer

Erika Soderstrom Producer

Rose Conlon Producer

Brian Allison Technical Director

Latest Episodes From Our Shows

12:52 PM PST