1/ Modern fintech (and payments in particular) owes a lot to the Durbin Amendment. The cap on debit for Durbin regulated institutions basically
- made it unprofitable for the largest banks to bank low income users
- helped drive overdrafts
kunle.app
@ay_o
Founder & CEO @ Substrate AI.
Founder @ Refract Ventures
Previously ran product @Carbonhealth/@cashapp.
Joined December 2009
