What is earned wage access and who should regulate it – the states or the federal government? Should it be regulated as a loan or something else, and why does that matter? How has the Trump administration approached this product and what is Congress doing about it? Kevin Lefton, global general counsel of Stream, one of the country’s leading earned wage access providers, joins Bloomberg Intelligence’s Elliott Stein and Nathan Dean on this episode of the Votes and Verdicts podcast to discuss these and other questions. Lefton also discusses how he and Stream navigate political uncertainty and what earned wage access looks like in five to 10 years.

What is earned wage access and who should regulate it &ndash; the states or the federal government? Should it be regulated as a loan or something else, and why does that matter? How has the Trump administration approached this product and what is Congress doing about it? Kevin Lefton, global general counsel of Stream, one of the country&rsquo;s leading earned wage access providers, joins Bloomberg Intelligence&rsquo;s Elliott Stein and Nathan Dean on this episode of the Votes and Verdicts podcast to discuss these and other questions. Lefton also discusses how he and Stream navigate political uncertainty and what earned wage access looks like in five to 10 years.

Votes and Verdicts is a series that examines the intersection of business, policy and law. It features conversations between Bloomberg Intelligence's team of litigation and policy analysts and thought leaders discussing legal and policy issues affecting markets and business decisions across many sectors.

Votes and Verdicts is a series that examines the intersection of business, policy and law. It features conversations between Bloomberg Intelligence's team of litigation and policy analysts and thought leaders discussing legal and policy issues affecting markets and business decisions across many sectors.

Votes & Verdicts

Stream’s Lefton on Earned Wage Access Laws

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e0ca9e86-0f7b-463b-b95a-b4e500e1bc83/transcript

The future of the US mortgage finance giants Fannie Mae and Freddie Mac is discussed in depth in this episode of Bloomberg Intelligence’s Votes and Verdicts podcast. BI's Ben Elliott speaks with Don Layton, former Freddie Mac CEO and JPMorgan vice chairman, about President Donald Trump’s push for a GSE stock offering and why such a transaction alone wouldn't constitute a meaningful exit from conservatorship. Layton examines whether release could be achieved before January 2029, the extensive groundwork around capital and policy that would need to come first, and the future of Treasury’s senior preferred stock and warrants. He also discusses which post-crisis reforms and taxpayer protections must survive, what can be accomplished administratively and whether conservatorship could become the permanent political equilibrium.

The future of the US mortgage finance giants Fannie Mae and Freddie Mac is discussed in depth in this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast. BI's Ben Elliott speaks with Don Layton, former Freddie Mac CEO and JPMorgan vice chairman, about President Donald Trump&rsquo;s push for a GSE stock offering and why such a transaction alone wouldn't constitute a meaningful exit from conservatorship. Layton examines whether release could be achieved before January 2029, the extensive groundwork around capital and policy that would need to come first, and the future of Treasury&rsquo;s senior preferred stock and warrants. He also discusses which post-crisis reforms and taxpayer protections must survive, what can be accomplished administratively and whether conservatorship could become the permanent political equilibrium.

Don Layton on Fannie, Freddie Conservatorship Exit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/de908a79-7c5a-43c0-9885-b4de00ad1c5b/transcript

Analysis of Anthropic’s litigation challenging its designation by the Department of War as a supply chain risk leads this episode of Bloomberg Intelligence’s Votes and Verdicts podcast, recorded on Oct. 1. Matt Schettenhelm discusses that and what the “White House Accord on Super Intelligence” means for companies like Alphabet, Meta, Nvidia and OpenAI. Nathan Dean examines recent Federal Reserve rules that should improve capital-planning visibility for JPMorgan, Bank of America and other large banks. He also discusses the impact of SEC proposed rules concerning shareholder proposals and the definition of accredited investors. Jen Rie explores a pair of antitrust cases against Live Nation, and Andrew Silverman analyzes recent IRS guidance concerning ETFs.

Analysis of Anthropic&rsquo;s litigation challenging its designation by the Department of War as a supply chain risk leads this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast, recorded on Oct. 1. Matt Schettenhelm discusses that and what the &ldquo;White House Accord on Super Intelligence&rdquo; means for companies like Alphabet, Meta, Nvidia and OpenAI. Nathan Dean examines recent Federal Reserve rules that should improve capital-planning visibility for JPMorgan, Bank of America and other large banks. He also discusses the impact of SEC proposed rules concerning shareholder proposals and the definition of accredited investors. Jen Rie explores a pair of antitrust cases against Live Nation, and Andrew Silverman analyzes recent IRS guidance concerning ETFs.

Anthropic, Live Nation Antitrust, ETF Taxes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5896af47-27f4-44cc-a92f-b4d700b286d3/transcript

The legality of potential diesel export restrictions by the Trump administration leads this episode of Bloomberg Intelligence’s Votes and Verdicts podcast, recorded Sept. 24. BI’s Justin Teresi discusses the issue and Oracle’s possible invocation of force majeure protections related to a Blue Owl-backed data center in New Mexico. Matt Schettenhelm examines Snap’s exposure to social media addiction litigation, while Holly Froum provides an update on a lawsuit by the NAACP against SpaceX over alleged Clean Air Act violations, with implications for the company’s $45 billion contract with Anthropic. Nathan Dean and Elliott Stein explore a Sept. 18 speech by Federal Reserve Vice-Chair for Supervision Michelle Bowman and its ramifications for bank stress tests and capital rules, as well as President Donald Trump’s ability to fire Fed Governor Michael Barr. Andrew Silverman explains proposed legislation to curtail the tax benefits of private placement life insurance products offered by Prudential, Zurich and others.

The legality of potential diesel export restrictions by the Trump administration leads this episode of Bloomberg Intelligence&rsquo;s Votes and Verdicts podcast, recorded Sept. 24. BI&rsquo;s Justin Teresi discusses the issue and Oracle&rsquo;s possible invocation of force majeure protections related to a Blue Owl-backed data center in New Mexico. Matt Schettenhelm examines Snap&rsquo;s exposure to social media addiction litigation, while Holly Froum provides an update on a lawsuit by the NAACP against SpaceX over alleged Clean Air Act violations, with implications for the company&rsquo;s $45 billion contract with Anthropic. Nathan Dean and Elliott Stein explore a Sept. 18 speech by Federal Reserve Vice-Chair for Supervision Michelle Bowman and its ramifications for bank stress tests and capital rules, as well as President Donald Trump&rsquo;s ability to fire Fed Governor Michael Barr. Andrew Silverman explains proposed legislation to curtail the tax benefits of private placement life insurance products offered by Prudential, Zurich and others.

Diesel Export Ban, Oracle, Snap, SpaceX

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8be3b413-97a4-408a-8f4a-b4d000c893a8/transcript

Stream’s Lefton on Earned Wage Access Laws

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