RegFi Podcast

State regulators are expanding oversight of commercial financing, bringing new licensing, disclosure and consumer-style protections to the small business lending market. In this episode of RegFi, hosts Jerry Buckley and Sherry Safchuk examine the evolving regulatory landscape, including California's latest requirements and their implications for lenders, fintechs and financing providers. They explore challenges surrounding merchant cash advances, factoring, ability-to-repay standards and crypto-backed lending. The conversation also raises a forward-looking question: Could AI-powered agents help small businesses navigate complex financing options more effectively than traditional disclosures? Tune in for insights into the changing rules and future of commercial lending. Links Jerry Buckley Bio Sherry Safchuk Bio RegFi's Sister Podcast, Barefoot Innovation Upcoming AIR Events Upcoming AIR Speaking Engagements

Technology is transforming financial services faster than traditional regulatory processes can adapt. So how can regulation keep pace while preserving the safeguards that protect consumers and the financial system? In this episode of RegFi, Jerry Buckley and Sasha Leonhardt are joined by AIR's Nat Weber to explore adaptive regulation and new approaches to rulemaking. They examine lessons from the Administrative Procedure Act, the CFPB's Section 1033 rulemaking and past alternatives to traditional rulemaking. The conversation considers how collaboration, standards-setting and more adaptive regulatory processes could help create a financial regulatory system built for continuous technological change. Links Nat Weber Bio Jerry Buckley Bio Sasha Leonhardt Bio RegFi's Sister Podcast, Barefoot Innovation Upcoming AIR Events Upcoming AIR Speaking Engagements

When people are forced to cross borders, their identity, education, employment and financial histories may not travel with them. In this episode of RegFi, Jerry Buckley and Sherry Safchuk speak with Civitas ID founder and Chairman Colin Walsh about breaking this "documentation wall." Walsh explains how Civitas ID is developing secure, portable digital credentials that can help displaced people prove who they are and access employment, banking and other essential services. The conversation explores decentralized identity, privacy, KYC requirements and the potential for technology to expand financial inclusion while giving individuals greater control over their credentials. Links From Exclusion to Agency, the Civitas ID technical white paper, 52 pages, September 2026 Civitas ID Colin Walsh on LinkedIn Colin Walsh Bio Jerry Buckley Bio Sherry Safchuk Bio

Public policy moves fast, and the information shaping it is scattered across legislation, regulatory actions, hearings, speeches and countless other sources. Kate Flocken, Co-Founder and CEO of Revere, joins RegFi Co-Hosts Jerry Buckley and Sherry Safchuk to explore how AI can help professionals find the signal in that noise. Kate explains how Revere is building a purpose-built public policy intelligence platform designed to surface relevant developments earlier, provide critical context and help users understand where issues may be heading. They also discuss privacy, human judgment and the broader potential for AI to support better-informed policymaking. Links RegFi Episode 37: Adapting to Change: Fintech's Public Policy Environment Jerry Buckley Bio Sherry Safchuk Bio Kate Flocken on LinkedIn Revere

In her final episode as a RegFi co-host, Caroline Stapleton joins Jerry Buckley, Sasha Leonhardt and Sherry Safchuk to reflect on more than two years of conversations about the changing future of financial regulation. Caroline shares what she sees ahead as regulators respond to AI, automated decision-making and agentic commerce, including the evolving roles of state and federal policymakers. The group also explores questions of trust, authorization and liability as AI agents begin acting on consumers' behalf, along with the growing role of stablecoins, tokenized deposits and blockchain. The episode closes with a personal look back at Caroline's time with RegFi. Links RegFi Episode 107: Agentic AI and the Future of Consumer Finance Jerry Buckley Bio Sherry Safchuk Bio Sasha Leonhardt Bio Caroline Stapleton on LinkedIn

What if regulators could strengthen oversight without writing a new rule? In this episode of RegFi, co-hosts Jerry Buckley and Sasha Leonhardt examine a reported FDIC-backed initiative to create industry-led standards and independent certification for fintechs that partner with banks. They explore how the model could streamline third-party risk management, where its limits lie and whether market adoption could make it durable even without formal regulation. The conversation also looks ahead to agentic AI and asks whether a similar standards-and-certification model could help financial institutions establish trust with AI agents acting on consumers' behalf. Links Jerry Buckley Joins AIR to Focus on Emerging Role of Agentic AI in Consumer Finance Alliance for Innovative Regulation (AIR) RegFi Episode 107: Agentic AI and the Future of Consumer Finance Jerry Buckley Bio Sasha Leonhardt Bio

AI regulation is taking shape across the U.S. — but states are taking markedly different approaches. In this episode of RegFi, co-hosts Jerry Buckley, Sherry Safchuk and Caroline Stapleton examine AI laws in Colorado, California, Texas and Utah and what they could mean for financial services. They explore requirements around automated decision-making, disclosures and human review, as well as key questions about whether emerging rules apply to AI agents working on behalf of consumers. The conversation also looks ahead to the need for a national framework that supports responsible innovation while helping consumers benefit from AI-powered financial tools. Links Jerry Buckley Joins AIR to Focus on Emerging Role of Agentic AI in Consumer Finance Alliance for Innovative Regulation (AIR) RegFi Episode 107: Agentic AI and the Future of Consumer Finance Jerry Buckley Bio Sherry Safchuk Bio Caroline Stapleton Bio

RegFi begins a new chapter at the Alliance for Innovative Regulation (AIR) with a conversation about the future of consumer finance. Jerry Buckley and co-host Sherry Safchuk join AIR Co-founder and CEO Jo Ann Barefoot to explore how agentic AI could help consumers protect their digital identities, counter increasingly sophisticated scams and make better financial decisions. They also examine the regulatory frameworks, privacy protections and industry collaboration needed to introduce these tools responsibly. The discussion considers how AI agents could reduce information imbalances, improve financial products and modernize a consumer protection system built for a different technological era. Links Jerry Buckley Joins AIR to Focus on Emerging Role of Agentic AI in Consumer Finance Alliance for Innovative Regulation (AIR) RegFi Episode 61: Reimagining Financial Regulation for the Digital Age RegFi Episode 6: Modernizing Financial Regulation with Jo Ann Barefoot Jo Ann Barefoot Bio Jerry Buckley Bio Sherry…

Steve Boms, Executive Director of FDATA North America, joins RegFi co-hosts Jerry Buckley and Sherry Safchuk to examine the evolving public policy framework governing consumer financial data. Building on the history of open banking and consumer-permissioned data sharing, they discuss the future of the CFPB's Section 1033 rule, the ongoing debate over data access fees, and the operational, competitive and consumer protection issues that will shape the next phase of implementation. The conversation also offers a preview of FDATA's forthcoming policy report on agentic AI and financial services, examining how existing regulatory and fiduciary frameworks may apply as AI evolves from providing financial recommendations to acting as a consumer's agent. They also discuss the implications for data privacy, cybersecurity, liability and consumer protection, and explore how policymakers can support innovation while preserving consumer trust in an increasingly AI-driven financial system. Links: Financial Data Technology…

Orrick partner Joseph Kolar joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to discuss the Executive Order on Promoting Access to Mortgage Credit and the regulatory reforms it could set in motion across the mortgage industry. The conversation examines proposals to reduce mortgage origination costs, streamline TRID disclosure requirements, modernize servicing and appraisal rules, and encourage greater participation by banks and community lenders. They also explore the CFPB's authority to tailor, exempt and revise regulatory requirements under TILA and RESPA, and how emerging technologies, including AI, could reshape the mortgage lending process while preserving consumer protections. Links: Executive Order: Promoting Access to Mortgage Credit Orrick Financial & Fintech Advisory RegFiPodcast.com

Federal banking regulators have signaled a renewed openness to de novo bank applications, creating new opportunities for fintechs evaluating whether becoming a regulated financial institution aligns with their long-term strategy. In the latest episode of RegFi, Jerry Buckley, Caroline Stapleton and Nathaniel Reisenburg discuss what it takes to secure a bank charter in today's environment. They examine regulator expectations around capital, governance, management experience and operational readiness, along with the strategic considerations fintechs and their investors should weigh when deciding whether the benefits of a charter outweigh the costs and constraints. Links: RegFi Ep103: Why More Fintechs Are Pursuing Bank Charters Orrick Financial & Fintech Advisory RegFiPodcast.com

American Fintech Council Chief Policy Officer Ian Moloney joins RegFi co-hosts Jerry Buckley and Sherry Safchuk to examine why a growing number of fintech companies are pursuing bank charters. They discuss the evolution of bank-fintech partnerships, the factors driving renewed charter activity, and the business, regulatory and operational considerations fintechs must weigh when deciding whether to become regulated financial institutions. The conversation explores chartering pathways, access to deposits and the payments system, and the implications of state and federal regulatory developments. The group also consider how recent policy developments aimed at promoting financial innovation and competition may influence the future of bank chartering and the fintech ecosystem. Links: American Fintech Council Orrick Financial & Fintech Advisory RegFiPodcast.com

John Coleman, Orrick Partner and former CFPB Deputy General Counsel, joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to examine the Consumer Financial Protection Bureau's authority to interpret, tailor and exempt requirements under the consumer financial protection laws within its jurisdiction. Prompted by the May 19 Executive Order directing federal financial regulators to modernize financial services regulation, they discuss the CFPB's broad rulemaking powers under the Dodd-Frank Act and other federal consumer protection statutes. The conversation explores the Bureau's ability to create exemptions, authorize trial disclosure programs and adapt regulatory requirements to evolving technologies, as well as whether existing authorities could be used to improve consumer disclosures in an increasingly digital marketplace. Links: "Integrating Financial Technology Innovation into Regulatory Framework" (Executive Order, May 19, 2026) Orrick Financial & Fintech Advisory Practice RegFiPodcast.com

Orrick partners Dan Ullman and Ben Hutten join RegFi co-hosts Jerry Buckley and Sasha Leonhardt to examine the mechanics of tokenized deposits and the evolving regulatory framework surrounding digital payments. They discuss the FDIC's proposed treatment of tokenized deposits under the GENIUS Act, the infrastructure banks would need to support tokenized payment systems, interoperability challenges, and the implications for liquidity, compliance and financial crime monitoring. The conversation also explores how tokenized deposits may develop alongside stablecoins in the broader digital asset ecosystem. Links: RegFi Ep. 98: Tokenized Deposits and the Evolving Structure of Digital Currency Orrick Blockchain & Digital Assets Orrick Financial & Fintech Advisory Practice RegFiPodcast.com

Marking RegFi's 100th episode, co-hosts Jerry Buckley, Sasha Leonhardt, Sherry Safchuk, and Caroline Stapleton revisit the thesis on which they launched the podcast in October 2023: that financial regulation, driven by technology, will change more in the next 10 years than it has over the previous 50. When RegFi launched, generative AI was less than a year old, agentic AI was still on the horizon, the GENIUS Act had yet to be written, prediction markets were in their infancy, state privacy legislation was still evolving, the Section 1033 rule had not yet been proposed, and the CFPB itself was a very different agency than it is today. Reflecting on the rapid developments of the past two and a half years, the pace of change is only accelerating — requiring regulators to embrace new technology-enabled approaches in a world where agentic AI may transform the delivery of financial services, quantum computing is drawing nearer, data security and fraud threats are intensifying, and new entrants continue to reshape…

OpenLaws founder and CEO John Phamvan joins RegFi co-hosts Jerry Buckley and Sherry Safchuk to examine how OpenLaws is building comprehensive, reliable, and continuously updated access to statutes, regulations, and other legal materials across federal and state jurisdictions. They discuss the challenges of sourcing and standardizing legal data at scale, the role of OpenLaws' API and emerging products in supporting legal, compliance, and public policy workflows, and the growing importance of high-quality legal data in AI-driven environments. The conversation also explores OpenLaws' public benefit mission, its plans to expand into legislative and administrative materials, and the broader implications for access to law and regulatory compliance in a rapidly evolving digital landscape. Links: OpenLaws Public Benefit Corporation Orrick Financial & Fintech Advisory Practice RegFiPodcast.com

Arthur Wilmar joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to examine the emerging role of tokenized deposits. They discuss recent developments that provide a regulatory pathway for tokenizing deposits and the broader environment for banks entering the space. The conversation compares the functions and regulation of cryptocurrencies, stablecoins and tokenized deposits, including the use of public versus permissioned blockchains. The episode also explores the potential use of tokenized deposits as an inflation hedge in countries where inflation is high. Links: Orrick Financial & Fintech Advisory Practice RegFiPodcast.com

Fincast founder Benjamin Schieken joins RegFi co-hosts Jerry Buckley and Sherry Safchuk to discuss how AI-enabled technology can transform the mortgage shopping process by enabling consumers to compare loan options more effectively and introducing greater competition among lenders. This evolving digital approach considers not only APR, but also total transaction costs and the likely duration of the loan for an individual borrower, helping to clarify the true economics of mortgage decisions and potentially saving consumers thousands of dollars. The conversation also looks to the future, where agentic AI could empower consumers to make more informed and automated financial decisions across a range of products and services. Links: Fincast Orrick Financial & Fintech Advisory Practice RegFiPodcast.com

In this episode, RegFi co-hosts Jerry Buckley and Sherry Safchuk are joined by Matt Van Buskirk, Hummingbird Regtech Co-Founder and CEO, Regulatory, to examine how AI is transforming anti-money laundering and fraud detection. They discuss how AI-driven tools are shifting compliance from manual data gathering to higher-value investigative work, the growing role of blockchain data in identifying illicit activity, and why "compliance by design" may redefine the role of the chief compliance officer. The conversation also explores the urgent need for regulatory modernization as global fraud and scam activity accelerates. Links: Hummingbird Regtech Orrick Financial & Fintech Advisory Practice RegFiPodcast.com

AEI's Paul Kupiec joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to analyze the potential impact of a proposed 10% cap on credit card balances. Kupiec, a highly respected commentator on financial markets, delves deeply into the economics of the credit card business and assesses what could change if such a cap were implemented. He also shares insights on the challenges facing the Federal Reserve as economic uncertainty and inflationary pressures mount. Links: "Should Credit Card Interest Rates Be Capped at 10 Percent?" (AEI Report) American Enterprise Institute (AEI) Orrick Financial & Fintech Advisory RegFiPodcast.com

In this RegFi episode co-hosts Jerry Buckley and Caroline Stapleton examine the evolving policy landscape governing AI in financial services. They discuss the federal government's push to avoid a patchwork of state AI laws and the extent to which existing consumer protection laws—such as ECOA, FCRA and UDAAP—can address AI-driven risks without new legislation. The conversation also highlights Treasury's newly released Financial Services AI Risk Management Framework and how public-private collaboration and nonbinding standards may shape AI governance as adoption accelerates across the industry. Links: Financial Services AI Risk Management Framework Orrick AI Law Center Orrick Financial & Fintech Advisory RegFiPodcast.com

Representative Bill Huizenga's draft bill to modernize the Gramm-Leach-Bliley Act could mark the most significant overhaul of U.S. financial privacy regulation in more than two decades. In this episode of RegFi, co-hosts Jerry Buckley and Sherry Safchuk examine how the proposal would reshape the federal-state balance through broad preemption, introduce new data minimization standards, and expand consumer rights around access and deletion. They also explore the bill's treatment of financial data aggregators, evolving expectations for AI disclosures, and the operational challenges institutions may face. Links: House Financial Services Committee Discussion Draft Orrick Financial & Fintech Advisory RegFiPodcast.com

Kelvin Chen, Senior Executive Vice President and Head of Policy at the Consumer Bankers Association, joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to discuss CBA's recent white paper on agentic AI and its implications for consumer payments and financial regulation. The conversation focuses on how existing frameworks like the Electronic Fund Transfer Act and Regulation E apply in an AI-enabled environment, where gaps may emerge around authorization and liability, and how the broader $18.8 trillion consumer finance industry could approach integrating existing consumer protections into an agentic AI environment. Links: Consumer Bankers Association Agentic AI Payments: Navigating Consumer Protection, Innovation, and Regulatory Frameworks (Whitepaper) Orrick Financial & Fintech Advisory RegFiPodcast.com

Orrick's Nathaniel Reisenburg joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to discuss the newly proposed regulatory framework for payment stablecoins released by the Office of the Comptroller of the Currency pursuant to the GENIUS Act. The conversation examines the proposal's requirements for reserves, redemption rights, capital and supervision, as well as the Act's prohibition on issuer-paid interest or yield. The episode also explores the policy goals behind stablecoin regulation and what current and prospective issuers should be doing now as the rulemaking process moves forward. Links: OCC Notice of Proposed Rulemaking | GENIUS Act Regulations OCC Proposes Rule to Implement the GENIUS Act (Orrick Insight) RegFi Episode 75: GENIUS Act Implications for Banks and Stablecoin Issuers RegFi Episode 71: GENIUS Act: Establishing a Federal Regulatory Framework for Stablecoins RegFi Episode 67: Stablecoins: The GENIUS Act Explained Orrick Blockchain & Digital Assets Orrick Financial & Fintech Advisory…

Lucas Moskowitz, Senior Vice President, General Counsel and Corporate Secretary at Robinhood Markets, Inc., joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss innovations in financial regulation that Robinhood is pioneering and advocating. The conversation explores the rapid expansion of prediction markets, modifying "accredited investor" requirements to include more retail investors, expanding access to private markets for retail investors, tokenization of securities, as well as the rationale for the Clarity Act and its prospects for passage. Links: Robinhood Markets RegFi Episode 89: Event-Based Derivatives and the Future of Prediction Markets Orrick Financial & Fintech Advisory RegFiPodcast.com

Orrick partner Dan Ullman joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt for a timely discussion of the legal and regulatory battles surrounding prediction markets. The conversation explores the CFTC's jurisdiction, the legal framework governing event contracts, the controversy over sports-related markets and the possibility that the Supreme Court may ultimately weigh in. Links: Orrick Blockchain & Digital Assets Orrick Financial & Fintech Advisory RegFiPodcast.com

David Silberman joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to explore how artificial intelligence — including agentic AI — could reshape consumers' interactions with financial services providers. The conversation considers how the current consumer financial protection regulatory regime — built in and for a paper-based world — might need to be adjusted to serve the new and evolving digital financial services marketplace. Links: Center for Responsible Lending Financial Health Network Orrick Financial & Fintech Advisory RegFiPodcast.com

As the student loan landscape shifts in 2026, American Fintech Council Chief Policy Officer Ian Moloney joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to explore the profound changes facing students, families, colleges and private student lenders. With the federal government scaling back its role, lenders will be presented with new opportunities and challenges as they navigate evolving federal student loan policies and a changing market. Links: American Fintech Council Orrick Financial & Fintech Advisory RegFiPodcast.com

Nadim Homsany, Head of AI Strategy and Innovation at Boeing Employees Credit Union, joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss how BECU is developing agentic AI tools designed to help members optimize borrowing and investment decisions. The conversation explores how these emerging technologies would expand access to sophisticated financial management services — long available to only the wealthiest Americans — to all BECU members. Links: BECU Orrick Financial & Fintech Advisory RegFiPodcast.com

Chris Hilliard, CEO of Winnow Solutions, joins RegFi co-hosts Jerry Buckley and Sherry Safchuk for an in-depth discussion on how AI is transforming regulatory intelligence in financial services. The conversation explores the shift from reactive, document-driven compliance to more proactive, insight-driven approaches, the importance of curated data in reducing AI hallucinations, and how AI can help compliance teams manage regulatory expectations across state and federal regimes. Links: Winnow Solutions, LLC Orrick AI Law Center Orrick Financial & Fintech Advisory RegFiPodcast.com

Orrick's James Chou joins RegFi co-hosts Jerry Buckley and Sherry Safchuk for a wide-ranging discussion on how cyber risk is evolving for financial services providers. The conversation explores the growing sophistication of nation-state and criminal cyber threats, increasing regulatory expectations across federal and state regimes, and the operational realities of responding to cyber incidents and ransomware attacks. The episode also looks ahead to emerging risks associated with quantum computing and the steps financial institutions can take today to begin planning for a post-quantum environment. Links: RegFi Episode 28: Preparing Financial Systems for Post-Quantum Cyber Risk Orrick Cyber, Privacy & Data Innovation Orrick Financial & Fintech Advisory RegFiPodcast.com

Doyle Bartlett, founder of Eris Group, joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss the packed financial services policy agenda for 2026. The conversation examines what lies ahead as stablecoin regulations are rolled out, the Clarity Act wends its way through Congress, new types of bank charters are being crafted, and the administration seeks to reign in 1,200 proposed state AI laws. Links: Eris Group Orrick Financial & Fintech Advisory RegFiPodcast.com

Orrick partner Walt Zalenski joins RegFi co-hosts Jerry Buckley and Caroline Stapleton for a conversation that explores how bank-fintech partnerships work, the legal and regulatory challenges they face, and how the proposed Bank-Fintech Partnership Enhancement Act could help create a regulatory environment that fosters innovation. Links: Orrick Financial & Fintech Advisory RegFiPodcast.com

In this year-end episode of RegFi, co-hosts Jerry Buckley, Sasha Leonhardt, Sherry Safchuk and Caroline Stapleton take stock of how momentous changes in financial regulation and technology in 2025 set the stage for more of the same in 2026. The conversation covers the uncertain future of the CFPB, the growing role of state regulators, accelerating AI regulation, implementation of the GENIUS Act, leadership changes across federal agencies and emerging themes in bank chartering and crypto oversight. Links: Orrick Financial & Fintech Advisory RegFiPodcast.com

In this follow-up conversation, RegFi co-hosts Jerry Buckley and Sasha Leonhardt welcome back Dan Ullman, Orrick partner and former CFTC Chief Trial Attorney, to unpack Congress's most consequential digital-asset proposal to date: the Clarity Act. Building on last week's discussion of the CFTC's agenda, Dan breaks down how the Clarity Act would establish the first comprehensive federal regulatory structure for digital assets — shifting most oversight to the CFTC, reshaping the agency's mandate and setting in motion an extensive rulemaking effort reminiscent of the post-Dodd-Frank swaps regime. Links: RegFi Episode 79: Inside the CFTC: Priorities, Leadership and What Comes Next Clarity Act Coming Into Focus (Orrick Insight) Orrick Blockchain & Digital Assets Orrick Financial & Fintech Advisory RegFiPodcast.com

In this episode, Jerry Buckley and Sasha Leonhardt sit down with Orrick partner Dan Ullman, former Associate Director and Chief Trial Attorney at the CFTC, for an insider's look at what's shaping the agency's agenda. Dan discusses how the Commission is approaching digital asset innovation, the evolving interplay between SEC and CFTC authority, ongoing litigation around sports-related prediction markets, and what a more centralized federal regulatory model could mean for market participants. Links: Orrick Blockchain & Digital Assets Orrick Financial & Fintech Advisory RegFiPodcast.com

Agentic AI is moving from theory to real-world deployment in financial services, bringing both extraordinary potential and complex regulatory questions. FinRegLab Founder and CEO Melissa Koide joins Jerry Buckley and Caroline Stapleton to break down what makes agentic AI different from traditional and generative models, where the most compelling use cases are taking shape, and how the technology could reshape consumer financial health, operational risk management, and long-standing regulatory frameworks. Links: FinRegLab Website FinRegLab Report: "The Next Wave Arrives: Agentic AI and Financial Services" Orrick Financial & Fintech Advisory RegFiPodcast.com

Sarah Schaedler, Global Chair of Orrick's Technology Transactions Group, joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to discuss how companies are operationalizing AI amid rapidly evolving technology and policy landscapes. Rather than waiting to see how AI adoption will unfold, companies are moving forward with implementation. This episode offers practical guidance on how parties are allocating responsibility for both the functionality of AI systems and compliance with emerging legal and regulatory requirements. Links: Orrick AI Law Center Orrick Technology Transactions Orrick Financial & Fintech Advisory RegFiPodcast.com

The EU's landmark Data Act took effect on Sept. 12, 2025, reshaping how customer data can be accessed, shared and monetized across the European digital economy. Orrick partners Christian Schröder and Julia Apostle join RegFi co-hosts Jerry Buckley and Sasha Leonhardt to unpack what the law means for global businesses operating in Europe. The group discusses how the Act interacts with the GDPR, new rights for users and third parties, obligations for manufacturers and cloud providers, and the compliance and revenue implications of data-sharing and switching obligations. The conversation also explores the opportunities the Act creates for innovation and competition in the data economy. Links: "The EU Data Act is in Force — What Should Businesses Do?" (Orrick Insight) Orrick Cyber, Privacy & Data Innovation Orrick Financial & Fintech Advisory RegFiPodcast.com

Georgia State law professor Todd Phillips joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to break down the newly enacted GENIUS Act framework for payment stablecoins. The conversation explores whether regulators will curb "yield-evasion," how capital and BSA/AML expectations could apply to secondary-market transfers and why tokenized deposits may offer banks a cleaner path than issuing stablecoins themselves. Links: U.S. Treasury RFI on Payment Stablecoins Orrick Blockchain & Digital Assets Orrick Financial & Fintech Advisory RegFiPodcast.com

Orrick partner Shannon Yavorsky — head of the firm's Global Cyber, Privacy & Data Innovation group and co-lead of the AI practice — joins RegFi co-hosts Jerry Buckley and Sherry Safchuk to unpack newly approved California Consumer Privacy Act regulations. The conversation offers insights into the definitions and requirements for automated decision-making technology (ADMT), risk assessments, and cybersecurity audits, as well as open questions surrounding GLBA data carve-outs for financial services, and the reasons behind California's shift from defining "AI" to regulating ADMT use cases. Links: Orrick AI Law Center Orrick Cyber, Privacy & Data Innovation Orrick Financial & Fintech Advisory RegFiPodcast.com

The Mortgage Bankers Association's Justin Wiseman, George Rogers and Rachel Kelley join RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss the Homebuyers Privacy Protection Act (HPPA) — a targeted FCRA amendment aimed at curbing "trigger leads" generated from mortgage credit inquiries. The conversation explores the bipartisan legislation's origin and path through Congress, how targeted exemptions balance consumer protection and competition, and what lenders, servicers, consumer reporting agencies and resellers can do to prepare ahead of the March 4, 2026, effective date. Links: Mortgage Bankers Association Orrick Financial & Fintech Advisory RegFiPodcast.com

Fraud and scams are costing Americans an estimated $400 million every day, threatening household financial security and fueling transnational crime. Kate Griffin and Nick Bourke join RegFi co-hosts Jerry Buckley and Sherry Safchuk to discuss the work of the Aspen Institute's National Task Force on Fraud and Scam Prevention. The conversation examines the scale and sophistication of today's scams, the whole-of-ecosystem approach needed to disrupt them and the Task Force's forthcoming recommendations for government, financial institutions, tech platforms and consumers. Links: Aspen Institute National Task Force on Fraud and Scam Prevention United Against Fraud: How America Will Defeat Scams (Virtual Event, Oct. 1, 2025) Orrick Financial & Fintech Advisory RegFiPodcast.com

Mona Elliot and Sam Canavos of Patomak Global Partners join RegFi co-hosts Jerry Buckley and Sherry Safchuk to discuss the newly enacted GENIUS Act, its goals and implications for the stablecoin market. The conversation explores how regulations implementing the Act will evolve, including federal and state chartering authority, reserve and compliance requirements, and potential use cases that will shape the next phase of the stablecoin market. Links: Patomak Global Partners Orrick Financial & Fintech Advisory RegFiPodcast.com

Gabriel Acosta and Liz Facemire from the Mortgage Bankers Association join RegFi co-hosts Jerry Buckley and Sherry Safchuk to discuss how artificial intelligence — both long-standing automated underwriting tools and emerging generative AI applications — is shaping the mortgage banking industry. The conversation explores the human-in-the-loop nature of mortgage origination, the role of federal laws like the Fair Credit Reporting Act and Equal Credit Opportunity Act in ensuring explainability, and how state-level AI legislation is influencing industry compliance strategies. Links: Mortgage Bankers Association Orrick AI Law Center Orrick Financial & Fintech Advisory RegFiPodcast.com

In our continuing coverage of the EU Artificial Intelligence Act, co-hosts Jerry Buckley and Caroline Stapleton are joined by Orrick partners Shannon Yavorsky and Julia Apostle. The conversation explores how companies can navigate emerging AI compliance requirements in both the European Union and the United States, including assessing risk, mapping AI systems and developing scalable governance frameworks. Since recording this episode, implementation of the EU AI Act has proceeded apace, with the EU Commission releasing its final guidance for developers of general-purpose AI models (GPAIM) and the Code of Practice undergoing its final approval process before the GPAIM obligations take effect on August 2. Links: EU guidelines for providers of general-purpose AI models EU General-Purpose AI (GPAI) Code of Practice Orrick AI Law Center Orrick Cyber, Privacy & Data Innovation Orrick Financial & Fintech Advisory RegFiPodcast.com

Christian Schröder, leader of Orrick's European Cyber, Privacy & Data Innovation practice, joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to break down the EU Artificial Intelligence Act. The conversation explores the act's global reach, regulatory framework and what companies can do to prepare as some provisions become effective on Aug. 2, 2025. Links: Orrick AI Law Center Orrick Cyber, Privacy & Data Innovation Orrick Financial & Fintech Advisory RegFiPodcast.com

FS Vector's Jackson Mueller sits down with RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss the recently Senate-passed GENIUS Act. They explore the regulatory requirements that would be established under the legislation, the potential impact on domestic and international payments system providers, and the implications for the U.S. dollar and the market for U.S. Treasury obligations. The group also discusses the political momentum driving this legislation and prospects that the Senate-passed bill will align with the STABLE Act pending in the House and be sent to the president for signature. Links: FS Vector GENIUS Act ReCap STABLE Act ReCap Orrick Financial & Fintech Advisory RegFiPodcast.com

RegFi co-hosts Jerry Buckley and Sasha Leonhardt are joined by Orrick partner Ellen Ehrenpreis, head of the firm's US Venture and Bay Area Technology Companies practice. Ellen shares insights on best practices for fintech startups engaging with investors, navigating regulatory complexity, and structuring companies for long-term success. The conversation also explores the growing interplay between Silicon Valley and Washington, D.C., as fintechs and their investors become increasingly engaged in public policy discussions surrounding crypto, AI, and financial innovation. Links: Orrick Tech Studio Orrick Technology Companies Group Orrick Financial & Fintech Advisory RegFiPodcast.com

RegFi co-hosts Jerry Buckley and Sasha Leonhardt welcome Orrick colleague James Wigginton and John Paller, Founder of Opolis and EthDenver, to explore how blockchain technology can be used to enable decentralized autonomous organizations (DAOs) to transform corporate ownership and governance using a limited cooperative legal format. Discussed are the benefits of DAO memberships and meetings with the SEC Crypto Task Force aimed at securing a Safe Harbor rulemaking for DAOs offered in a limited cooperative or similar legal structure. Links: Opolis ETHDenver Orrick Financial & Fintech Advisory RegFiPodcast.com