"Kiah like the car." Creator, Fintech Takes Banking. Midwestern nice. Bank nerd. Reader, runner, steak + soccer lover. Opinions are my own.
Nashville, TN
Joined July 2009
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Guys, what if we made money specifically for buying space in cemeteries? We could call it... cryptocurrency.
FUN FACT: We don't know how large pumpkins can grow.
The world record was broken last year and then was broken again in Rhode Island JUST THIS MONTH.
apnews.com/article/californi…
Apparently our guy Wallace is a bit of a legend: He was the first person to have a measured pumpkin above 1500 lbs in 2006.
THEN in 2012, he was the first person to have a measured pumpkin above 2000lb.
AND now, just 20 years later from his first record, he has DOUBLED the weight of a pumpkin.
Reflecting on his impressive history with giant pumpkins, Wallace told GWR: "[My first two records] were both historic accomplishments at the time but this one feels a bit more special. I had a few off growing years as I was taking a more scientific approach. It felt great to see it all come together!"
My newsletter with my #pillowgate dispatch will be out so I would enjoy any thoughts or theories as well.
Did you attend Money20/20 and have some thoughts to share?
Did you miss it and want to hear about what happened?
Are you confused about why the event is moving to the convention center next year and need a space to process those feelings?
@khaslett and I got you: finitynetwork.com/events/326…
Is there a good reason why my car insurance’s card in my digital wallet doesn’t update when the policy auto renews? Why am I responsible for doing this?
Kiah Lau Haslett is a bank reporter (she/her) retweeted
Some readers who watched "You Can See Everything" asked if we can confirm a contested quote from Elizabeth Holmes in our 2023 profile.
Trust Editor @PatrickHealyNYT talked to Amy Chozick—writer of the 2023 profile that included the quote—in this week's edition of The Backstory:
In today's @nytimes Backstory newsletter, I talk to Amy Chozick about the new Elizabeth Holmes documentary and Holmes's dispute over a quote from Chozick's NYT profile of her. The movie brings up the quote several times as it assesses Holmes's veracity. nytimes.com/2026/10/22/insid…
Kiah Lau Haslett is a bank reporter (she/her) retweeted
18 years ago, on Oct 22, 2008 during the financial crisis, Wachovia posted a $23.7 billion net quarterly loss, the largest ever reported by a U.S. bank. Much of the loss was the result of write-downs tied to the mortgage lender Golden West Financial which Wachovia had purchased in 2006.
Before the report of this loss, Wells Fargo had already agreed to acquire Wachovia, and this news did not change Wells Fargo’s plans. The acquisition officially completed on December 31, 2008.
#OnThisDay
Sources:
washingtonpost.com/wp-dyn/co…
web.archive.org/web/20201109…
latimes.com/archives/la-xpm-…
federalreserve.gov/newsevent…
Thanks to Totavi and Matthew Goldman for an experience that I was sure going to kill me in the hole I had dug myself.
Kiah Lau Haslett is a bank reporter (she/her) retweeted
If only there was a regulation requiring safe API-only access to bank accounts for consumers and their agents that these same worried banks hadn't sued to block before even reading... ah well, nevertheless
SCOOP: Major U.S. banks are detecting unauthorized third-party AI agents inside customer accounts, including some attempting to take actions that appear to be independent of user instructions, sources told Axios.
The findings have alarmed banking executives, who are racing to restrict access to their systems as AI moves at a velocity faster than financial institutions can respond, multiple industry and bank executives told Axios.
Several banks are now preparing for worst-case and even “day after” scenarios, including how to rapidly secure or restore customer accounts if things go wrong, the people said.
Several bank executives told Axios they're struggling to distinguish between human users and AI agents. One executive said banks also struggle to determine whether agents are authorized by customers or potentially operating without their permission, more akin to rogue agent behavior.
Read my latest for Axios here: axios.com/2026/10/22/ai-agen…
I increasingly feel like I don't know what this company does, despite being a corporate downstream user of it
Ramp applies for national trust bank charter from OCC bankingdive.com/news/ramp-ap… via @bankingdive
Dude I had no idea that a White Russian involved HEAVY CREAM. I thought it was milk for some reason
People drink heavy cream and alcohol?
📋 “Safe and sound” has been a cornerstone of bank supervision since the 1830s. The FDIC and OCC just defined it for the first time in statue, along with their new expectations for examiners.
⚖️ The new rule instructs examiners to prioritize material financial risks over policies, processes and documentation. It also revised when an MRA gets issued. One result is that the FDIC closed “a large majority” of its outstanding supervisory criticisms, saying they don’t meet the new standard.
🪢 Phrases, terms of arts and definitions dot the rule: “material,” “generally accepted standards of prudent operation” and “objective facts and sound reasoning.” And for all their precision, they all allow for examiner judgment.
😵💫 But it also, for me, creates some ambiguity. Sometimes a policy violation is the first signal a bank is taking on real risk. Are examiners flagging material problems, or box-checking? When do small risks become big ones? The rule doesn’t fully resolve that.
👩🏻💻 This week’s newsletter is all about semantics in bank supervision. Read it here: finitynetwork.com/library/09…
Kiah Lau Haslett is a bank reporter (she/her) retweeted
Random Jessica or the person you are married to about school pick up? Really a toss up.
The way apple is always like "hey do you want to text this person from high school or this other person you text daily?" every time.
